Comments
Weak demand at the higher level pulled down castorseed spot on Wednesday. Castorseed futures also declined as traders resorted to profit booking. However, castor oil traded higher on fresh export enquiries.
Traders said that in the past one week castorseed was mostly traded up on export demand. Moreover, stockists also bought fearing production could be hit by prolonged dry spell.
According to them, it may decrease further this week. On the NCDEX, castorseed July contract declined ₹91 to ₹4,342/quintal with an open interest of 1,31,230 lots.
On the Rajkot Commodity Exchange, spot castorseed was down ₹50 to ₹4,237.50. Castor oil was traded higher by ₹15 to ₹865/10 kg.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.