Castorseed prices dropped by Rs 54 to Rs 4,094 per quintal in futures trading on 19th May as speculators trimmed positions on low export demand amid mounting of stocks in domestic markets.
At the National Commodity and Derivatives Exchange, castorseed for delivery in August dropped by Rs 54, or 1.30%, to Rs 4,094 per quintal, with an open interest of 19,820 lots.
Most-active June contract dipped by Rs 43, or 1.09%, to Rs 3,918 per quintal, in an open interest of 1,81,220 lots.
Similarly, May contracts also fell by Rs 40, or 1.02%, to Rs 3,873 per quintal, having an open interest of 2,370 lots.
Marketmen said besides low export demand, ample supplies from growing regions following higher output hopes, mainly influenced the market sentiment.