Castor seed prices eased by Rs 12 to Rs 4,130 per quintal in futures trade today after participants trimmed their positions in tandem with a weak trend at the physical markets.
Market players said the fall in castor seed prices in futures market was due to cutting down of positions by participants coupled with a weak trend at the spot markets due to muted demand from soap, paint and other consuming industries amid ample stocks in spot markets.
At the National Commodity and Derivatives Exchange, castor seed for delivery in June contracts fell by Rs 12, or 0.29 per cent, to Rs 4,130 per quintal with an open interest of 32,100 lots.
Similarly, the delivery of May contracts eased by Rs 11, or 0.27 per cent, to Rs 4,082 per quintal with a business turnover of 67,150 open lots.
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