Castor seed prices slipped by Rs 13 to Rs 4,233 per quintal in futures trade today on cutting down holdings by the participants depressed by negative physical markets sentiments.
Market players attributed the decline in castor seed futures prices to slackness in demand for soap, paint and lubricant industries amid mounting of stocks on relentless supplies from producing areas in the spot markets.
At the National Commodity and Derivatives Exchange, castor seed delivery for August eased by Rs 13 or 0.31 per cent to Rs 4,233 per quintal, having business turnover of 70,10 open lots.
Also, the delivery of the current contract July edged down by Rs 7 or 0.17 per cent to Rs 4,186 per quintal, clocking an open interest of 64,520 lots.
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