Castorseed futures surge on positive spot cues

Castorseed prices were higher by Rs 30 to Rs 4,436 per quintal in futures trading as participants built-up fresh positions amid a firm trend at the physical markets.
Marketmen building up of positions by participants, tracking a firm trend at the spot markets on fall in supplies against pick up in demand mainly influenced castorseed prices at futures trade here.
At the National Commodity and Derivative Exchange, castorseed for delivery in August contract rose by Rs 30 or 0.67 per cent to Rs 4,436 per quintal, clocking an open interest of 80,7810 lots.
Castorseed for delivery in July also advanced by Rs 27 or 0.61 per cent to Rs 4,364 per quintal, having an open interest of 19,130 lots.