Castorseed futures fall on selling pressure

NEW DELHI: Castorseed prices declined by Rs 43 to Rs 3,584 per quintal in future trade today on increased selling by traders, tracking weak spot markets sentiment.


Marketmen said slackness in demand from paint and other consuming industries amid increased supply in physical markets mainly led fall in castorseed future markets.

At the National Commodity and Derivatives Exchange, castorseed prices for near August contract slipped by Rs 43, or 1.19 per cent, to Rs 3,584 per quintal, having an open interest of 99,930 lots.

Most active July contract declined by Rs 40, 1.13 per cent to Rs 3,389 per quintal, with an open interest of 1,56,190 lots.