Castor seed prices fell Rs 61 to Rs 4,145 per quintal in futures trade today as participants cut bets tracking weak physical market sentiments.
Marketmen attributed the sharp fall in castor seed futures prices to ceaseless supplies from growing belts amid weak demand for paint, soap and lubricant industries in spot markets.
At the National Commodity and Derivative Exchange, Castor seed delivery for the immediate contract February slipped by Rs 61, or 1.45 per cent, to Rs 4,145 per quintal, with an open interest of 28,050 lots.
The delivery for the most-traded second contract March month also dipped by Rs 58, or 1.35 per cent, to Rs 4,228 per quintal with an open interest of 53,280 lots.
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