Castor seed futures extend losses on weak demand

Castor seed futures extended their losses on NCDEX due to offloading of positions by speculators, triggered by weak demand in the spot market. Further, adequate stock position in the physical market due to strong supplies from Gujarat and Rajasthan mandies also supported the downside of the commodity prices. The contract for May delivery was trading at Rs 3978.00, down by 0.05% or Rs 2.00 from its previous closing of Rs 3980.00. The open interest of the contract stood at 10600.00 lots. The contract for June delivery was trading at Rs 4043.00, down by 0.22% or Rs 9.00 from its previous closing of Rs 4052.00. The open interest of the contract stood at 174020.00 lots on NCDEX.