Castor seed futures move down by 0.40 pc

Castor seed prices softened by 0.40 percent to Rs 4,732 per quintal Monday on liquidating of bets by traders in line with a weak trend at the physical markets.

Marketmen said trimming of holdings by participants, taking weak cues from the spot markets led to falling in castor seed prices in futures trade here.

At the National Commodity and Derivatives Exchange, castor seed delivery for delivery in November fell by Rs 19, or 0.40 percent, to Rs 4,732 per quintal revealing an open interest of 32,860 lots.

In a similar manner, the most-traded delivery in October contract of castor seed also edged down by Rs 17 or 0.36 percent to Rs 4,655 per quintal, the business turnover seen in 1,44,860 open interest lots.