Castorseed futures slip on aggressive selling

NEW DELHI: Castorseed prices softened by Rs 43 to Rs 3,675 per quintal in future trade today following fresh selling by traders on weak spot markets sentiment.

Marketmen said apart from profit booking, heavy supply and reduced offtake in physical markets, mainly influenced the trading sentiments here in future price of castorseed.

At the National Commodity and Derivatives Exchange, castorseed for near June contract declined by Rs 43, or 1.16 per cent to Rs 3,675 per quintal, with an open interest of 51.470 lots.

The commodity for May delivery also dipped by Rs 40, or 1.11 per cent to Rs 3,575 per quintal, clocking business volumes of 1,52,000 lots.