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Castor seed futures decline on ample stocks

Business Finance

Press Trust of India  |  New Delhi 

Castor seed prices went down further by Rs 19 to Rs 4,067 per quintal in futures trade today as traders preferred to offload holdings continuously, tracking downbeat physical market sentiments.

Market players attributed the downfall in castor seed futures prices to ample stocks on relentless supplies from growing belts amid lack of industrial buying support in the spot markets.

Besides, muted export demand discouraged traders, they quoted.

At the National Commodity and Derivatives Exchange, castor seed delivery for May dropped by Rs 19, or 0.47 per cent, to Rs 4,067 per quintal, in a business turnover of 78,430 open lots.

The delivery for April declined by Rs 18, or 0.44 per cent, to Rs 4,061 per quintal, with an open interest of 6,450 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, April 17 2018. 11:25 IST