You are here: Home » PTI Stories » National » News
Business Standard

Castor seed futures fall on spot cues

Business Finance

Press Trust of India  |  New Delhi 

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.

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

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, July 02 2018. 12:45 IST