Castorseed prices drifted lower by Rs 34 to Rs 3,961 per quintal in futures trading today as traders offloaded their positions, triggered by a weak trend at the physical markets.
Marketmen said liquidating of positions by speculators, tracking a weak trend at the domestic spot markets due to slackness in demand from paints and other consuming industries mainly weighed on castorseed prices at futures trade here.
At the National Commodity and Derivative Exchange, castorseed for delivery in February contracts dipped by Rs 34 or 0.85 per cent to Rs 3,961 per quintal, with an open interest of 25,700 lots.
Also, the most-traded March contracts lost Rs 34 or 0.84 per cent to Rs 4,015 per quintal, having an open interest of 26,880 lots.
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