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Castor seed futures decline further on weak spot cues

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Press Trust of India New Delhi

Castor seed prices fell by Rs 26 to Rs 4,110 per quintal in futures trade today due to offloading of positions by participants amid a weak trend at the physical markets.

Besides, muted export demand weighed on prices.

At the National Commodity and Derivative Exchange, castor seed for delivery in April contracts moved down by Rs 26 or 0.63 per cent to Rs 4,110 per quintal, with an open interest of 33,520 lots.

Also, castor seed for the most-traded May month contracts also receded by Rs 23 or 0.55 per cent to Rs 4,164 per quintal, having a business turnover of 57,370 open lots.

 

Marketmen said trimming of positions by participants and a weak trend at the sot markets, led to the fall in castor seed prices at futures trade here.

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First Published: Apr 04 2018 | 12:30 PM IST

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