Castor seed prices declined by Rs 50 to Rs 4,485 per quintal in futures trading today as participants trimmed their positions in line with weak physical markets.
At the National Commodity and Derivative Exchange, castor seed for most-traded, delivery in June contract dipped by Rs 50 or 1.10 per cent to Rs 4,485 per quintal, with the business turnover of 75,780 open lots.
Castor seed for delivery in July delivery slipped by Rs 49 or 1.06 per cent to Rs 4,555 per quintal, with an open interest of 37,870 lots.
Marketmebn said cutting down of positions by speculators in tune with a weak trend at the physical markets due to muted demand against increased arrivals, mainly led to fall in castor seed prices at futures trade.
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