Castorseed down over 1% on selling pressure

Reduced offtake by consuming industries put pressure on the trade

Castorseed prices fell by Rs.55 to Rs.3,517 per quintal in futures trade today on the back of lower spot markets sentiment.

Marketmen said reduced offtake by consuming industries coupled with fall in export demand in spot markets, mainly put pressure on castorseed future prices.

At the National Commodity and Derivatives Exchange (NCDEX), the September contract fell by Rs.55, or 1.54%, to Rs.3,517 per quintal in 3,120 lots.

The June contract also slipped by Rs.37, or 1.13%, to Rs 3,227 per quintal, witnessed open interest of 1,45,240 lots.