Castorseed futures slide on subdued physical cues

Image
Press Trust of India New Delhi
Last Updated : Aug 14 2017 | 12:48 PM IST
Castorseed prices dropped by Rs 49 to Rs 4,572 per quintal in futures trade today following offloading of positions by speculators in the wake of weak trend at the physical markets.
Marketmen attributed the fall in castorseed prices in futures trade to offloading of positions by participants driven by a weak trend at the spot markets due to weak demand.
At the National Commodity and Derivatives Exchange, castorseed for delivery this month slipped by Rs 49, or 1.08 per cent, to Rs 4,572 per quintal, clocking an open interest of 1,810 lots.
The delivery for the most-traded September too eased by Rs 23, or 0.50 per cent, to Rs 4,662 per quintal, depicting an open interest of 75,220 lots.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 14 2017 | 12:48 PM IST

Next Story