Castor seed price slid in spot as well as in futures on Wednesday following lower demand.
On the National Commodity and Derivatives Exchange (NCDEX) castorseed May contract declined Rs 9 to Rs 3,379 a quintal, with an open interest of 17,580 lots. NCDEX June contract, too, was down Rs 11 to Rs 3,436 for a quintal, with an open interest of 12,560 lots.
At Rajkot Commodity Exchange (RCX) castor seed June contract moved down Rs 10 to Rs 3,410 for 100 kg. RCX spot castor price decreased by Rs 45 to Rs 3,145 a quintal.
About 80,000-90,000 bags of castor seed arrived in Gujarat quoting Rs 600-655 for 20 kg. Around 17,000-18,000 bags arrived in Saurashtra region at Rs 600-639.
Arrivals have also come down in the past few days from over 1,30,000 bags to 1,10,000 bags in Gujarat.