Castor seed futures fall on weak spot leads

Castor seed prices came down by Rs 9 to Rs 4,276 per quintal in futures trade today on profit booking by speculators, guided by subdued physical markets sentiments.

Market players said, traders preferred to book profits at higher levels, tracking lower physical markets cues, which led to the fall in castor seed futures prices.

In the spot market, withdrawal of support from consuming industries such as soap, paint and lubricant amid mounting of stocks on increased supplies from growing areas kept the prices lower, they added.

At the National Commodity and Derivatives Exchange, castor seed delivery for the immediate July contract decreased by Rs 9, or 0.21 per cent, to Rs 4,276 per quintal in an open interest of 51,520 lots.

The delivery of August contract also fell by Rs 6, or 0.14 per cent, to Rs 4,329 per quintal in a business turnover of 1,02,560 open lots.