 "Castorseed up 1% on export, domestic demand")
Castorseed prices flared up by Rs 83 to Rs 4,063 per quintal in futures trading today as speculators enalrged positions on strong domestic as well overseas demand.
At the National Commodity and Derivatives Exchange, castorseed for delivery in current month contracts spurted by Rs.83, or 2.09% to Rs.4,063 per quintal, with an open interest of 7,710 lots.
Similarly, the most-active far-month October contracts rose by Rs.54, or 1.29% to Rs.4,234 per quintal, having an open interest of 2,36,440 lots.
Marketmen attributed rise in castorseed at futures trade to fresh positions built-up by speculators driven by rising export and domestic demand at spot markets.
At the National Commodity and Derivatives Exchange, castorseed for delivery in current month contracts spurted by Rs.83, or 2.09% to Rs.4,063 per quintal, with an open interest of 7,710 lots.
Similarly, the most-active far-month October contracts rose by Rs.54, or 1.29% to Rs.4,234 per quintal, having an open interest of 2,36,440 lots.
Marketmen attributed rise in castorseed at futures trade to fresh positions built-up by speculators driven by rising export and domestic demand at spot markets.