Castor seed prices fell Rs 49 to Rs 4,092 per quintal in futures trade today as participants liquidated their bets amid a weak trend at the physical markets.
Marketmen said the offloading of positions by participants was triggered by a weak trend at the spot markets due to lower demand from paint, soap and other consuming industries against ample stocks position on higher supplies.
At the National Commodity and Derivatives Exchange, castor seed for delivery in July contract declined by Rs 49 or 1.18 per cent to Rs 4,092 per quintal, with an open interest of 94,270 lots.
Castor seed for delivery in far-month August contract also fell by Rs 48 or 1.14 per cent to Rs 4,145 per quintal, having an open interest of 24,190 lots.
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