Castor seed futures fell 1.15 per cent to Rs 4,712 per quintal today as traders cut down their positions in tune with weak physical market sentiment.
Marketmen said, liquidation of the bets by the operators amid by subdued physical markets trend, pulled down the castor seed futures prices.
In the spot markets, weak demand for soap, paint and lubricant industries, triggered ample stocks on pick up in supplies from growing regions kept prices negative, they added.
At the National Commodity and Derivatives Exchange, castor seed delivery for the most-traded September contract tumbled by Rs 55, or 1.15 per cent, to Rs 4,712 per quintal, with the business turnover in 1,25,480 open lots.
Similarly, the delivery for August dropped by Rs 53, or 1.12 per cent, to Rs 4,668 per quintal, with an open interest of 32,130 lots.
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