Castor seed futures slip on subdued spot cues

Press Trust of India PTI Automatic New Delhi

Castor seed prices drifted lower by Rs 20 to Rs 4,146 per quintal in futures trade today as participants liquidated holdings in line with a weakening trend in spot markets.

At the National Commodity and Derivatives Exchange, castor seed for delivery in May dropped by Rs 20, or 0.48 per cent, to Rs 4,146 per quintal, clocking an open interest of 76,240 lots.

Similarly, the contract for delivery this month eased by Rs 8, or 0.19 per cent, to Rs 4,130 per quintal, having an open interest of 7,520 lots.

Marketmen said, cutting down of holdings by participants, tracking a weak trend at the spot markets due to muted demand from soaps, paints and other consuming industries amid pick up in supplies from growing belts, mainly pulled down castor seed futures prices.

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First Published: Apr 13 2018 | 12:40 PM IST