At the National Commodity and Derivative Exchange, castor seed for delivery in January contracts drifted lower by Rs 53, or 1.30 per cent, to Rs 4,020 per quintal with an open interest of 2,550 lots.
Similarly, castor seed to be delivered in February contracts tumbled Rs 51, or 1.24 per cent, to Rs 4,075 per quintal, with a business turnover of 65,210 open lots.
Marketmen said the fall in castor seed prices was mostly attributed to offloading of positions by speculators due to a weak trend at the spot markets due to withdrawal of support from consuming industries.
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