Castorseed futures up on increased buying

Castorseed futures price improved by Rs 47.50 to Rs 3,710 per quintal today on fresh buying amid low inventories. 

Marketmen said restricted supply and better offtake in physical markets had influenced trading sentiments here in future trade.

At the National Commodity and Derivatives Exchange platform, castorseed for delivery in December shot up by Rs 47.50, or 1.30 per cent to Rs 3,710 per quintal, with an open interest of 6,190 lots.

The January contract also went up by Rs 31.50, or 0.90 per cent to Rs 3527 per quintal, with an open interest of 4,540 lots.