Castor seed fell by 1.5% on selling pressure

Castor seed prices declined by Rs.53 to Rs.3,396 per quintal in future trade today due to profit-booking driven by weak spot market demand.

    

Marketmen said a weakening tend in spot market advised speculators to book-profit at existing higher levels.

     

At the National Commodity and Derivatives Exchange, castorseed prices for September contract lost Rs.53, or 1.54% to Rs.3,396 per quintal, with an open interest of 1,70,670 lots.

     

Near October contract also slipped by Rs.52, or 1.47% to Rs.3,481 per quintal, having an open interest of 34,570 lots.