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Castor seed futures decline Rs 23 per quintal

by www.business-standard.com
Castor seed prices came down by Rs 23 to Rs 4,290 per quintal in futures trading today as traders preferred to offload holdings, reflecting muted demand in the spot market. Market players said drop in demand in soap, lubricant and paint industries in spot markets weighed on castor seed futures prices. At the National Commodity and Derivative Exchange, castor seed delivery for the immediate contract November slipped by Rs 23, or 0.53 per cent, to Rs 4,290 per quintal, showing an open interest of 19,170 lots. Delivery of the most-active near contract December moved down by Rs 16, or 0.37 per cent, to Rs 4,350 per quintal, in an open interest of 7,90,890 lots.
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