Castor seed prices dropped by Rs 20 to Rs 4,650 per quintal after traders liquidated holdings amid a weak trend at the physical markets.
Marketmen said the fall in castor seed prices in futures trade was offloading of positions by participants amid a subdued trend at the spot markets on increased arrivals from growing belts against muted demand from consuming industries.
Besides fading export demand kept pressure on castor seed prices here, they added.
At the National Commodity and Derivative Exchange, castor seed for delivery in September contracts slipped by Rs 20 or 0.43 per cent to Rs 4,650 per quintal, having an open interest of 69,330 lots.
In a similar way, the delivery for the October contract eased by Rs 19 or 0.40 per cent to Rs 4,749 per quintal, with the business turnover of 31,790 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
