Castorseed prices spurted by Rs 82.50 to Rs 4,235 per quintal in the future trade today following brisk buying in the wake of firm physical market sentiment.
Market analysts said restricted supply and pick-up in demand in physical markets, influenced trading sentiments.
Strong industrial demand was another reason behind price rise, they added.
At the National Commodity and Derivatives Exchange counter, castorseed price for delivery in January flared up by Rs 82.50 or 1.99 per cent, to Rs 4,235 per quintal, with an open interest of 5,060 lots.
February-month delivery contract remained in keen demand and jumped up by Rs 49 or 1.25 per cent, to Rs 3,968 per quintal, having an open interest of 5,210 lots.
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