Castor seed prices softened by Rs 30 to Rs 5,210 per quintal in futures trade Tuesday, as operators reduced holdings amid negative physical lead.
Marketmen said trimming of positions by participants in line with weak trend at spot markets on mounting stocks following relentless arrivals from growing bets against slackened demand from consuming industries, led to the fall in castor seed prices in futures trade here.
At the National Commodity and Derivatives Exchange, castor seed for the most-traded delivery in January slipped by Rs 30 or 0.57 per cent to Rs 5,210 per quintal, clocking an open interest of 700 lots.
The rates for March also shed Rs 28 or 0.52 per cent to Rs 5,340 per quintal, revealing an open interest of 10,600 lots.
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