Castor seed prices turned weak by Rs 15 to Rs 4,550 per quintal in futures trade today on liquidation of holdings by speculators at higher levels, driven by subdued spot markets sentiment.
According to market players, castor seed futures prices met with resistance at existing levels, after profit booking by operators amid slackness in demand for consuming industries.
At the National Commodity and Derivatives Exchange platform, castor seed delivery for August slipped by Rs 15 or 0.33 per cent to Rs 4,550 per quintal, having a business turnover of 1,24,390 open lots.
Similarly, the delivery for July eased by Rs 13 or 0.29 per cent to Rs 4,508 per quintal, with an open interest of 40,910 lots.
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