Castor seed prices drifted lower by Rs 22 to Rs 4,167 per quintal in futures trading today on cutting down of bets by the participants amid rising availability of stocks in the spot markets.
Market players attributed the downfall in castor seed futures prices to heavy ready stocks on non-stop supplies from mills amid slackness in industrial demand at spot markets.
At the National Commodity and Derivatives Exchange, castor seed delivery for June contracts dropped by Rs 22, or 0.53 per cent, to Rs 4,167 per quintal with an open interest of 24,480 lots.
The delivery of May contracts also eased by Rs 19, or 0.46 per cent, to Rs 4,123 per quintal in an open interest of 71,630 lots.
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