Castor seed futures witnessed bearish trade on NCDEX. Improved supply of the commodity in the mandies as well as strong production estimates for the current year lowered the price. Castor oil, extracted from castor seed is the largest vegetable oil exported out of India.
The contract for December delivery was trading at Rs 3548.00, down by 0.48% or Rs 17.00 from its previous closing of Rs 3565.00. The open interest of the contract stood at 99090 lots.
The contract for January delivery was trading at Rs 3633.00, down by 0.06% or Rs 2.00 from its previous closing of Rs 3635.00. The open interest of the contract stood at 39850 lots on NCDEX.