Castor seed prices drifted lower by Rs 37 per quintal in futures trade today on offloading of positions by speculators amid a weak trend at the physical markets.
At the National Commodity and Derivative Exchange, castor seed delivery for the most-traded delivery in May declined by Rs 37, or 0.89 per cent, to Rs 4,114 per quintal, with an open interest of 66,770 lots.
Castor seed to be delivered in April also eased by Rs 31, or 0.75 per cent, to Rs 4,088 per quintal with the business turnover of 29,250 open lots.
Marketmen said the fall in castor seed prices in futures market was mostly due to reducing of bets by participants, triggered by a weak trend at the domestic spot market following muted demand from consuming industries.
Wheat futures gain 1.45% on speculative buying
Wheat futures rise 0.68% on uptick in demand
Jeera futures falls 2.56% on profit-booking
Wheat futures extend losses, shed 0.43%
Mustard seed futures decline on ample stocks
Shooting of 'Student of the Year 2' begins in Dehradun
Maize futures climb 2.88 pc on upbeat spot cues
PPA slams Arunachal plan to amalgamate state hospital with
BJP MLA held for vandalising SP's office after NCP leader's detention
It's 'fearmongering': BSE CEO on talk of India's banking sector crisis post PNB fraud
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)