Castorseed falls on weak spot markets

Increased supply, reduced off-take in spot markets influenced trading sentiments

Castorseed prices fell by Rs.69 to Rs.3,856 per quintal in futures trade today on selling by speculators, tracking a weak physical markets sentiment.

Marketmen said increased supply and reduced off-take in spot markets mainly influenced trading sentiments.

At the National Commodity and Derivatives Exchange, the March contract fell by Rs.69, or 1.76% to Rs.3,856 per quintal, in an open interest of 14,500 lots.

The January contract also dropped by Rs.61, or 1.63% to Rs.3,681 per quintal, with an open interest of 91,200 lots.