Castorseed prices rose by Rs 77.50 to Rs 4,030.50 per quintal in future trade today on renewed buying by traders influenced by firm spot market demand.
Marketmen said strong industrial demand amid restricted supply in physical markets was mainly responsible for the rise in castorseed futures prices.
At the National Commodity and Derivatives Exchange, the January contract hardened by Rs 77.50, or 1.96%, to Rs 4,030.50 per quintal, with an open interest for 4,110 lots.
The February castorseed followed suit, rising by Rs 37.50, or 0.97%, to Rs 3,900.50 per quintal, with an open interest for 3,720 lots.
