Castorseed futures continued their bearish run on Wednesday on the back of profit booking by market participants.
However, spot prices of the commodity gained on fresh buying.
According to brokers, good rain in major producer, Gujarat, encouraged the bear operators to sell the castor causing futures to decline.
On the National Commodity and Derivatives Exchange (NCDEX), castor September contract was down by Rs 81 at Rs 4,096 a quintal, with an open interest of 46,520 lots. October series was down by Rs 124 at Rs 4,210, with an open interest of 89,440 lots.
On the Rajkot Commodity Exchange (RCX), castor September contract slipped by Rs 124 to Rs 4,184 a quintal, while RCX spot castor moved up by Rs 65 to Rs 4,045.
About 20,000-25,000 bags arrived in Gujarat and price was up Rs 10 to Rs 805-815 for 20 kg and around 4,200-4,300 bags arrived in Saurashtra region, price was increased by Rs 12 to Rs770-806.
Meanwhile, castoroil recovered modestly from the recent sharp fall on the back of renewed buying by shippers and soap manufacturers.
In Mumbai spot market, castoroil commercial firmed up by Rs 15 for 10 kg to Rs 820 .