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The castor market witnessed a mixed trend on Wednesday.
The October contract declined by Rs 104 at Rs 4,106 a quintal, with an open interest of 180 lots, on the National Commodity and Derivatives Exchange, while the November contract gained Rs 53.50 at Rs 4,095.50, with an open interest of 21,850 lots.
While castorseed for December delivery rose by Rs 30 at Rs 3,812 on Rajkot Commodity Exchange, it remained unchanged at Rs 3,902.50 in the spot market.
While the 9,000-10,000 bags that arrived in Gujarat sold at Rs 770-790 for 20 kg, 700-800 bags arrived in Saurashtra and fetched Rs 740-781.
The October contract fell as traders sold on hopes of higher supplies in the spot market, said marketmen.
According to the Agriculture Department of Gujarat, area under castor rose to 8.11 lakh hectares in this kharif season against 5.18 lakh hectares last year.
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