Castor seed futures slide on weak spot markets

Castor seed prices weakened by Rs 90 to Rs 5,452 per quintal in futures trade Thursday after participants liquidated their bets, tracking a weak trend at the physical markets.

Marketmen attributed the fall in castor seed prices in futures trade to cutting down of bets by participants amid mounting stocks on consistent supplies from growing belts.

At the National Commodity and Derivatives Exchange, castor seed to be delivered this month declined by Rs 90 or 1.62 per cent to Rs 5,452 per quintal, clocking an open interest of 27,275 lots.

Also, the most-traded delivery in January eased by Rs 78 or 1.39 per cent to Rs 5,534 per quintal, having a business turnover of 1,37,740 lots.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)