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

Castor seed futures slip on subdued spot cues

Topics
Business Finance

Press Trust of India  |  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.

(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: Fri, April 13 2018. 12:40 IST
RECOMMENDED FOR YOU