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Castorseed oil prices looked down by Rs 53 to Rs 3,400 per quintal in future trading today following increased selling by traders in tandem with weak physical markets sentiment.
Lack of buying support from soap, paints, lubricant and pharmaceuticals industries against ample supply in spot markets mainly resulted the fall in castorseed prices.
Fall in export demand too damapened the trading sentiment to some extent.
At the National Commodity and Derivatives Exchange, castorseed for current month July's contract dropped by Rs 53, or 1.53%, to Rs 3,400 per quintal, with an open interest of 1,210 lots.
Most active near August contract sheded by Rs 5, or 0.14%, to Rs 3,486 per quintal, having an open interest of 1,99,650 lots.
