 "Castorseed down 1.4% on selling pressure")
Castorseed prices declined by 1.36% to Rs 4,433 per quintal in futures trading today as traders preferred to offload holding on higher levels in line with weak global and physical market cues.
At the National Commodity and Derivatives Exchange, castorseed prices for September contract declined by Rs 61, or 1.36%, to Rs 4,433 per quintal, clocking an open interest of 67,290 lots.
On the other hand, August contracts plummeted by Rs 57, or 1.30%, to Rs 4,316 per quintal, with an open interest of 2,63,810 lots.
Marketmen attributed the fall to slackness in international demand.
Increased supply and withdrawal of support from consuming industries in physical markets also weighed on prices in futures markets, they added.
At the National Commodity and Derivatives Exchange, castorseed prices for September contract declined by Rs 61, or 1.36%, to Rs 4,433 per quintal, clocking an open interest of 67,290 lots.
On the other hand, August contracts plummeted by Rs 57, or 1.30%, to Rs 4,316 per quintal, with an open interest of 2,63,810 lots.
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July contracts also eased marginally by Rs 4, or 0.09%, to Rs 4,250 per quintal, with an open interest of 25,110 lots.
Marketmen attributed the fall to slackness in international demand.
Increased supply and withdrawal of support from consuming industries in physical markets also weighed on prices in futures markets, they added.
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