Castorseed prices came down by Rs 36 to Rs 4,450 per quintal in future trading today as participants reduced their exposure in tune with subdued demand at the domestic spot markets.
Market players said weak demand from paint and lubricant industries coupled with the pick up in supplies in spot markets, mainly led to the fall in castor seed prices in futures trade here.
At the National Commodity and Derivative Exchange, castorseed for delivery in far-month August contracts slipped by Rs 36 or 0.80 per cent to Rs 4,450 per quintal, in an open interest of 50,240 lots.
Also, for delivery in July, castorseed, weakened by Rs 30 or 0.68 per cent to Rs 4,365 per quintal, with the business turnover of 54,100 lots.
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