Castor seed futures fall on profit-booking
At the National Commodity and Derivatives Exchange, castorseed prices for most-active December contracts were down by 0.78 per cent.
By PTI | Updated:
NEW DELHI: Castorseed prices declined by Rs 37 to Rs 4,712 per quintal in futures trade today as speculators locked-in gains at higher levels.
Besides, a weak trend in physical markets due to increased supplies against slackness in demand, weighed on prices at futures trade.
At the National Commodity and Derivatives Exchange, castorseed prices for most-active December contracts were down by Rs 37, or 0.78 per cent, to Rs 4,712 per quintal, with an open interest of 1,07,440 lots.
Contracts moved down by Rs 28, or 0.60 per cent, to Rs 4,636 per quintal, in an open interest of 1,70,060 lots.
Also, delivery for October contracts also weakened by Rs 26, or 0.57 per cent, to Rs 4,564 per quintal, having an open interest of 1,05,460 lots.
Marketmen said profit-booking by traders at existing higher levels led to the fall in castorseed prices.
Besides, a weak trend in physical markets due to increased supplies against slackness in demand, weighed on prices at futures trade.
At the National Commodity and Derivatives Exchange, castorseed prices for most-active December contracts were down by Rs 37, or 0.78 per cent, to Rs 4,712 per quintal, with an open interest of 1,07,440 lots.
Contracts moved down by Rs 28, or 0.60 per cent, to Rs 4,636 per quintal, in an open interest of 1,70,060 lots.
Also, delivery for October contracts also weakened by Rs 26, or 0.57 per cent, to Rs 4,564 per quintal, having an open interest of 1,05,460 lots.
Marketmen said profit-booking by traders at existing higher levels led to the fall in castorseed prices.
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