Castorseed prices plummeted by Rs 60 to Rs 4,432 per quintal in futures trade today as traders preferred to offload holdings in line with weak physical as well as overseas markets.
Market players said operators were shrinking their positions in tune with a fall in its prices at domestic spot market, influenced by subdued export demand, marked the downtrend in prices in futures trading.
At the National Commodity and Derivatives Exchange, castorseed delivery for the most active first contract June dipped by Rs 60, or 1.34 per cent, to Rs 4,432 per quintal, with an open interest at 96,150 lots.
In a similar manner, July delivery lost Rs 57, or 1.25 per cent, to Rs 4,500 per quintal, with an open interest of 18,860 lots.
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