Castorseed futures decline on weak spot sentiments
Castorseed prices dropped by Rs 64 to Rs 3,967 per quintal in futures trading today following weak spot market sentiments.
By PTI | Updated:
NEW DELHI: Castorseed prices dropped by Rs 64 to Rs 3,967 per quintal in futures trading today following weak spot market sentiments.
Marketmen said increased arrivals and reduced offtake in physical markets mainly led to the fall in futures price of castorseed here.
They said fall in export demand and lower offtake by oil manufacturing industries were other dampening factors.
At the National Commodity and Derivatives Exchange, castorseed prices for November delivery slipped by Rs 64, or 1.59 per cent, to Rs 3,967 per quintal, with an open interest of 21,480 lots.
For September delivery, the prices drifted by Rs 42, or 1.10 per cent, to Rs 3,786 per quintal, with an open interest of 33,570 lots.
The prices for delivery in October too went down by Rs 38, or 0.97 per cent, to Rs 3,896 per quintal, with an open interest of 1,03,420 lots.
Marketmen said increased arrivals and reduced offtake in physical markets mainly led to the fall in futures price of castorseed here.
They said fall in export demand and lower offtake by oil manufacturing industries were other dampening factors.
At the National Commodity and Derivatives Exchange, castorseed prices for November delivery slipped by Rs 64, or 1.59 per cent, to Rs 3,967 per quintal, with an open interest of 21,480 lots.
For September delivery, the prices drifted by Rs 42, or 1.10 per cent, to Rs 3,786 per quintal, with an open interest of 33,570 lots.
The prices for delivery in October too went down by Rs 38, or 0.97 per cent, to Rs 3,896 per quintal, with an open interest of 1,03,420 lots.
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