Castorseed futures prices firmed up by Rs 36, or 1.06 per cent, to Rs 3,440 per quintal today, following brisk buying by traders driven by firm spot markets sentiment.
Marketmen said, strong demand from paint industries due to festive season amid restricted supply in physical markets, mainly supported uptrend in castorseed futures prices.
Usually demand for paint and related oils pick up among retailers during festivals of Dusshehra and Diwali.
At the National Commodity and Derivatives Exchange platform, castorseed price for November month contract shot up by Rs 36, or 1.06 per cent, to Rs 3,440 per quintal, with an open interest of 2,600 lots.
February month delivery also rose by Rs 21, or 0.64 per cent, to Rs 3,280 per quintal, with an open interest of 420 lots.
The oil for delivery in December also went up by Rs 18, or 0.54 per cent, to Rs 3,328 per quintal, with an open interest of 3,150 lots.