 "Castorseed jumps 2% on strong export, domestic demand")
Castorseed prices rose by Rs 75 to Rs 3,815 per quintal in futures trade today following heavy buying by traders, driven by firm spot market sentiment.
Marketmen said strong industrial demand against restricted supply in physical markets mainly kept castorseed prices higher.
Strong export demand due to fall in rupee against dollar also boosted the upsurge.
Most active near October contract too shot up by Rs 71, or 1.85% to Rs 3,909 per quintal, having an open interest of 1,26,760 lots.
Marketmen said strong industrial demand against restricted supply in physical markets mainly kept castorseed prices higher.
Strong export demand due to fall in rupee against dollar also boosted the upsurge.
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At the National Commodity and Derivatives Exchange, castorseed for current September contract rose by Rs 75, or 2.01% to Rs 3,815 per quintal, with an open interest of 73,960 lots.
Most active near October contract too shot up by Rs 71, or 1.85% to Rs 3,909 per quintal, having an open interest of 1,26,760 lots.