Castorseed price moves down on selling pressure

NEW DELHI: Castorseed prices fell by Rs.55 to Rs.3,517 per quintal in futures trade today on the back of lower spot markets sentiment.

Marketmen said reduced offtake by consuming industries coupled with fall in export demand in spot markets, mainly put pressure on castorseed future prices.

At the National Commodity and Derivatives Exchange, castorseed for far September contract fell by Rs.55, or 1.54 per cent, to Rs.3,517 per quintal, clocking an open interest of 3,120 lots.

The June contract also slipped by Rs.37, or 1.13 per cent, to Rs 3,227 per quintal, witnessed open interest of 1,45,240 lots.