Castor seed prices extended losses by falling Rs 53 to Rs 4,420 per quintal in futures trade today on continuous liquidation by participants.
At the National Commodity and Derivative Exchange platform, castor seed delivery for February contracts dropped further by Rs 53 or 1.18 per cent to Rs 4,420 per quintal, with an open interest of 68,250 lots.
Castor seed prices rolled down by Rs 34 to Rs 4,426 per quintal in futures trade 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.
Castor seed prices drifted lower by Rs 41 to Rs 4,515 per quintal in futures trading on Dec 13 following trimming of positions by participants in tune with weak physical markets.
Marketmen said reducing of bets by participants, driven by lower spot markets sentiment, mainly weighed on castor seed prices in futures trade here.
At the National Commodity and Derivative Exchange, castor seed for the most-traded delivery in January contracts slipped by Rs 41 or 0.90 per cent to Rs 4,515 per quintal, in an open interest of 78,980 lots.
Castor seed prices moved down by Rs 24 to Rs 4,586 per quintal in futures trade last week on cutting down on exposures by participants in line with weak physical markets sentiment.
Marketmen said trimming of holdings by the participants in tune with subdued physical trend mainly influenced castor seed futures prices here in future trading.
At the National Commodity and Derivative Exchange, castor seed for delivery in January declined by Rs 24 or 0.52 per cent to Rs 4,586 per quintal, clocking an open interest of 55,390 lots.
Castor seed prices were down by Rs 12 to Rs 4,593 per quintal in futures trading on Dec 6 on trimming of positions by speculators in line with subdued physical market trend.
Marketmen said the fall in castor seed prices in futures trade to reducing of positions following mounting stocks on increased arrivals amid muted demand from consuming industries in spot markets.
At the National Commodity and Derivative Exchange, castor seed for most-traded delivery in January moved down by Rs 12 or 0.26 percent to Rs 4,593 per quintal, depicting an open interest of 51,630 lots.
Castorseed prices marked higher by Rs 41 to Rs 4,622 per quintal in futures trading today after participants accumulated positions amid a firm trend at the physical markets.
At The National Commodity and Derivative Exchange, castorseed delivery for January contract climbed up by Rs 41 or 1.05 per cent to Rs 4,622 per quintal, with an open interest of 36,250 lots.
Also, the most-active contract to be delivered in current month advanced by Rs 39 or 0.86 per cent to Rs 4,566 per quintal, persisting an open interest in 55,580 lots.
Castorseed prices marked higher by Rs 41 to Rs 4,622 per quintal in futures trading after participants accumulated positions amid a firm trend at the physical markets.
At The National Commodity and Derivative Exchange, castorseed delivery for January contract climbed up by Rs 41 or 1.05 per cent to Rs 4,622 per quintal, with an open interest of 36,250 lots.
Also, the most-active contract to be delivered in current month advanced by Rs 39 or 0.86 per cent to Rs 4,566 per quintal, persisting an open interest in 55,580 lots.
Castor seed prices went up by Rs 38 to Rs 4,337 per quintal in futures trading as speculators raised bets, tracking upbeat sentiment at the physical markets.
At the National Commodity and Derivative Exchange, castor seed for delivery this month traded higher by Rs 38 or 0.88 per cent to Rs 4,337 per quintal, with an open interest of 9,430 lots.
Castor seed to be delivered in December too gained Rs 28 or 0.64 per cent to Rs 4,389 per quintal, showing an open interest of 79,790 lots.
Castor seed prices came down by Rs 23 to Rs 4,290 per quintal in futures trading as traders preferred to offload holdings, reflecting muted demand in the spot market.
Market players said drop in demand in soap, lubricant and paint industries in spot markets weighed on castor seed futures prices.
At the National Commodity and Derivative Exchange, castor seed delivery for the immediate contract November slipped by Rs 23, or 0.53 per cent, to Rs 4,290 per quintal, showing an open interest of 19,170 lots.
Castor seed prices rose by 0.63 per cent to Rs 4,445 per quintal in futures trading on the back of widening of positions by speculators.
At the National Commodity and Derivative Exchange, castor seed for delivery in December month gained Rs 28 or 0.63 per cent to Rs 4,445 per quintal, clocking an open interest of 69,800 lots.
Also, the November month contract was up by Rs 24 or 0.55 per cent to Rs 4,398 per quintal, depicting an open interest of 39,370 lots.