 "Castorseed remains firm, adds 0.88% in futures trade")
Castorseed prices rose for the second straight day, supported by an upward trend at spot market on strong demand. The commodity added Rs 33 to Rs 3,774 per quintal in future trading today, as participants enlarged position.
At the National Commodity and Derivative Exchange, castorseed for delivery in May was trading Rs 33, or 0.88 per cent, higher at Rs 3,774 per quintal, having an open interest in 8,200 lots.
The June contract edged higher by Rs 22, or 0.57 per cent to Rs 3,876 per quintal, clocking an open interest of 1,82,420 lots.
Marketmen said a firming trend at spot markets on sustained demand from consuming industries, rising export demand too influenced castorseed prices at futures trade here.
At the National Commodity and Derivative Exchange, castorseed for delivery in May was trading Rs 33, or 0.88 per cent, higher at Rs 3,774 per quintal, having an open interest in 8,200 lots.
The June contract edged higher by Rs 22, or 0.57 per cent to Rs 3,876 per quintal, clocking an open interest of 1,82,420 lots.
Marketmen said a firming trend at spot markets on sustained demand from consuming industries, rising export demand too influenced castorseed prices at futures trade here.