Castorseed futures fall on profit-booking

Castorseed futures prices weakened by Rs 117 to Rs 3,850 per quintal today, on the back of profit-booking at higher levels.

Marketmen said increased supply and reduced offtake by consuming industries in physical markets, put weight here on castorseed futures prices.

Profit-taking on existing higher levels also put pressure on the prices.

At the National Commodity and Derivatives Exchange, the December contract plunged by Rs 117, or 2.95%, to Rs 3,850 per quintal, witnessing an open interest of 2,980 lots.

January castorseed also fell by Rs 16, or 0.41%, to Rs 3,889.50 per quintal, persisting an open interest of 4,620 lots.