Castor seed futures are trading under pressure in the current month despite reports of lower acreage, crop damage and good export figures for castor seed derivatives such as oil and meal.
The most active castor futures for November delivery on National Commodities and Derivative Exchange (NCDEX) is heading for its first monthly fall in five months due to corrections from higher levels as it is affecting export demand. In October, prices are down by 4.6% or Rs 211 to Rs 4,425 per quintal.