Castor seed turned weak and prices fell by Rs 56 to Rs 4,424 per quintal in futures trade today on profit-booking by speculators amid a weak trend at the physical markets.
Marketmen said offloading of positions by investors to book profits coupled with a weak trend at the spot markets due to muted demand from consuming industries, led to the fall in castor seed prices.
At the National Commodity and Derivatives Exchange, castor seed for delivery this month fell by Rs 56, or 1.25 per cent, to Rs 4,424 per quintal, in a business turnover of 1,300 open lots.
Also, the contract for August declined by Rs 52, or 1.15 per cent, to Rs 4,460 per quintal, with an open interest of 1,34,530 lots.
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