Castorseed futures moves down on aggressive selling

Castorseed futures prices plunged by Rs 61.50, or 1.69 per cent, to Rs 3,580 per quintal in futures trade today following all round selling, driven by weak spot market sentiment.

Marketmen said fall in industrial demand at existing higher levels against increased supply in physical markets pulled down the prices here in futures market.

At the National Commodity and Derivatives Exchange platform, castorseed prices for January contract plummeted by Rs 61.50, or 1.69 per cent, to Rs 3,580 per quintal, with an open interest of 630 lots.

October delivery also dropped by Rs 58, or 1.41 per cent, to Rs 4,041 per quintal, exhibiting an open interest of 3,750 lots.