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Castor seed futures drop on subdued market

Business Finance

Press Trust of India  |  New Delhi 

Castor seed prices lost Rs 43 to Rs 4,085 per quintal in futures trade today on continuous offloading by operators.

Market players said speculators were trimming their bets constantly tracking subdued physical markets due to mounting of stocks on persistent supplies amid feeble demand from soap, paint and lubricant industries, which kept castor seed futures prices in negative zone for the second straight day.

At the National Commodity and Derivative Exchange platform, castor seed delivery for the most traded April month dipped by Rs 43 or 1.04 per cent to Rs 4,085 per quintal, having an open interest of 38,880 lots.

The delivery of the immediate March contract also dropped by Rs 34 or 0.84 per cent to Rs 4,035 per quintal with an open interest of 28,440 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, March 06 2018. 12:30 IST