NEW DELHI, Aug 1: Castor seed prices fell by Rs 37 to Rs 4,662 per quintal in futures trade today as speculators cut bets, tracking negative physical market cues.
Marketmen said traders were cutting down their bets amid discouraging physical market cues, where prices ruled lower following ample stocks against muted demand from consuming industries, which drove the downtrend in castor seed futures prices.
At the National Commodity and Derivatives Exchange, castor seed delivery for the September contract slipped Rs 37, or 0.79 per cent, to Rs 4,662 per quintal in a business turnover of 95,830 open lots.
Similarly, the delivery of this month’s contracts fell by Rs 34, or 0.73 per cent, to Rs 4,622 per quintal with an open interest of 58,030 lots. (PTI)
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