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Castorseed falls on selling pressure

The December contract also declined by Rs.23, 0.61% to Rs.3,760 per quintal

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Press Trust of India New Delhi

Castorseed prices fell by Rs.29 to Rs.3,835 per quintal in future trading today following increased selling by traders, tracking weak spot markets sentiment.

Marketmen said slackness in demand from paint and other consuming industries amid increased supply in physical markets mainly led the fall in castorseed future markets.

At the National Commodity and Derivatives Exchange, the January contract slipped by Rs.29, or 0.75% to Rs.3,835 per quintal, having an open interest of 1,23,030 lots.

The December contract also declined by Rs.23, 0.61% to Rs.3,760 per quintal, with an open interest of 3,200 lots.

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First Published: Dec 17 2012 | 12:35 PM IST

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