Castor seed future September contract were down due to selling pressure from bear operators. However, fresh demand and some inquiries in castor oil improved the spot prices.

Castor seeds ready price quoted at Rs. 4, 012 per quintal.

Castor seed futures per 100 Kilograms in Rajkot market, September contract

Open     4, 291

High      4, 307

Low       4, 199

Close     4, 216

The price improved at the start of the day, but did not sustain due to profit bookings.  Hence the castor seed September contract declined by Rs. 4, 216.

At Gujarat and Saurashtra, the prices improved from Rs. 800- 810 and Rs. 775- 785 for 20kg.

Source: Reuters, The Hindu- Business Line