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Castor seed futures fall by Rs 34 per quintal

Castor seed futures fall by Rs 34 per quintal
outlookindia.com
1970-01-01T05:30:00+0530

New Delhi, Dec 26 (PTI) Castor seed prices rolled down by Rs 34 to Rs 4,426 per quintal in futures trade today on trimming of positions by the participants amid weak physical markets.

Marketmen said cutting down of bets by the participants in view of falling price at spot markets, mainly led to fall in castor seed futures prices.

In spot markets, withdrawal of support by the soap, paint and lubricant industries amid uninterrupted arrivals from growing belts kept the prices under pressure, they added.

At the National Commodity and Derivative Exchange platform, castor seed delivery for the most active first contract for January enquired lower by Rs 34 or 0.76 per cent to Rs 4,426 per quintal, depicting an open interest of 70,160 lots.

Likewise, the delivery for the February month contract declined by Rs 32 or 0.71 per cent to Rs 4,474 per quintal, clocking an open interest of 13,360 lots.


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

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