 "Castor seed falls by 2.6% on strong selling")
Castor seed prices plunged by Rs 96 to Rs 3,560 per quintal in futures trading today due to weak global demand amid mounting stocks in domestic markets.
Marketmen said prospects of higher production this season following heavy rains in the major producing regions mainly influenced the market sentiment.
India is the largest producer and exporter of castorseed and its oils in the world.
Also Read
At the National Commodity and Derivatives Exchange, castorseed for far November contract dropped by Rs 96, or 2.63% to Rs 3,560 per quintal, in an open interest of 1,710 lots.
Most active first contract August month slipped by Rs 73, or 2.17%, to Rs 3,297 per quintal, with an open interest of 1,67,920 lots.
Near September contract also fell by Rs 79, or 2.28%, to Rs 3,390 per quintal, having an open interest of 75,870 lots.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%