 "Castorseed falls on weak spot demand")
Castorseed prices dropped by Rs 76 to Rs 4,442 per quintal in futures trading today on the back of weak physical markets demand.
Marketmen said increased supply and slackness in demand from consuming industries such as paint and lubricant mainly pulled down castorseed prices.
Fall in export demand also dampened the trading sentiments to some extent, they added.
The March contract slid by Rs 53, or 1.24 per cent, to Rs 4,214 per quintal in 1,87,990 lots.
Current February contract also lost Rs 57, or 1.35 per cent, to Rs 4,165 per quintal, clocking an open interest of 15,440 lots.
Marketmen said increased supply and slackness in demand from consuming industries such as paint and lubricant mainly pulled down castorseed prices.
Fall in export demand also dampened the trading sentiments to some extent, they added.
Also Read
At the National Commodity and Derivatives Exchange, castorseed for June delivery dipped by Rs 76, or 1.68 per cent, to Rs 4,442 per quintal with open interest of 330 lots.
The March contract slid by Rs 53, or 1.24 per cent, to Rs 4,214 per quintal in 1,87,990 lots.
Current February contract also lost Rs 57, or 1.35 per cent, to Rs 4,165 per quintal, clocking an open interest of 15,440 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%