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Castorseed prices drifted by Rs 54 to Rs 4,057 per quintal in futures trading today on increased selling in line with weak spot markets sentiment.
Marketmen said fall in demand from paint, soap and other manufacturing industries against ample supply from growing regions in spot markets, mainly pulled down the prices in futures trade.
At the National Commodity and Derivatives Exchange, castorseed prices for most active May contract slided by Rs 54, or 1.31%, to Rs 4,057 per quintal, having an open interest of 1,31,350 lots.
Near June contract fell by same margins of Rs 54, or 1.29%, at Rs 4,118 per quintal, showing an open interest of 86,590 lots.
