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Castor seed prices dropped by Rs 34 to Rs 3,183 per quintal in future trading today on brisk selling by traders against adequate supply in spot markets.
Marketmen said heavy ready stocks position on regular supply from growing regions aganst slackess in demand in physical markets mainly attributed the fall in castorseed prices here in future markets.
Weak export demand was another reason behind price fall, they quoted, they said.
At the National Commodity and Derivatives Exchange, castorseed for August month fell by Rs 34, or 1.06% to Rs 3,183 per quintal, with an open interest of 1,31,690 lots.
Near September contract fell by a similar margins of Rs.34, or 1.03% to Rs.3,280 per quintal in an open interest of 93,940 lots.
