Castorseed future rises further on renewed buying

Castorseed futures prices jumped up further by Rs 98.50 to Rs 4,057 per quintal in future trade today following sustained buying by traders guided by firm physical markets sentiment.

Market analysts said, poor supply and strong demand in the physical market, held castorseed prices in a positive mode.

Brisk demand from consuming industries also boosted the trading sentiments, they said. 

At the National Commodity and Derivatives Exchange counter, castorseed price for delivery in February shot up further by Rs 98.50 or 2.49 per cent, to Rs 4,057 per quintal, with an open interest of 5,350 lots.   

Current January-month delivery contract climbed up again by Rs 81.50 or 1.94 per cent, to Rs 4,290 per quintal, having an open interest of 4,670 lots.