As market participants booked profits, castorseed futures declined on Wednesday. However, spot prices improved on fresh demand at the lower level and some export inquiries in castor oil.

On the National Commodity and Derivatives Exchange, castorseed August contracts slipped by Rs 66 to  Rs 4,075 a quintal, with an open interest of 207,100 lots.

September contracts traded weak by Rs 60 at  Rs 4,198 a quintal, with an open interest of 111,660 lots.

According to traders, the price improved at the beginning of the day on good demand in spot trade but the uptrend was not sustained as market players started booking profits.

On the Rajkot Commodity Exchange, castorseed September contract declined by Rs 66 to Rs 4,216 a quintal.

RCX spot castor traded higher by Rs 37.50 to Rs 4,012.50 a quintal and castor oil increased by Rs 10 to Rs 835 for 10 kg.

On the National Commodity and Derivatives Exchange, castorseed August contracts slipped by Rs 66 to  Rs 4,075 a quintal, with an open interest of 207,100 lots.

September contracts traded weak by Rs 60 at  Rs 4,198 a quintal, with an open interest of 111,660 lots.

According to traders, the price improved at the beginning of the day on good demand in spot trade but the uptrend was not sustained as market players started booking profits.

On the Rajkot Commodity Exchange, castorseed September contract declined by Rs 66 to Rs 4,216 a quintal.

RCX spot castor traded higher by Rs 37.50 to Rs 4,012.50 a quintal and castor oil increased by Rs 10 to Rs 835 for 10 kg.