Castor seed prices slumped by Rs 67 to Rs 4,319 per quintal in futures trade today as participants liquidated holdings, pressurised by weak domestic spot as well as overseas markets sentiment.
Marketmen said a weak trend in spot markets due to muted demand from paint and lubricant industries amid persistent supplies from producing belts, triggered offloading of positions by participants, leading to fall in castor seed prices here in future trading.
Besides, slackness in export demand also dampened sentiments to some extent, they added.
At the National Commodity and Derivative Exchange, castor seed for delivery this month contract dipped by Rs 67 or 1.53 per cent to Rs 4,319 per quintal, clocking an open interest of 42,530 lots.
Castor seed for delivery in June also dropped by Rs 65 or 1.46 per cent to Rs 4,385 per quintal, in an open interest of 73,650 lots.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)