Castorseed prices rose by Rs 41.50 to Rs 4,800 per quintal in futures trade today on aggressive buying by traders in line with a firm overseas and domestic markets cue.
Market analysts said low stocks position and pick-up in demand at prevailing lower levels in line with a firming global trend mainly pushed up castorseed futures price here.
At the National Commodity and Derivatives Exchange, castorseed for September delivery climbed by Rs 41.50, or 0.87%, to Rs 4,800, clocking an open interest of 4,320 lots.
Castorseed for delivery in July also gained Rs 14.50, or 0.30%, to Rs 4,775, with an open interest of 5,620 lots.
Likewise, its prices for August delivery rose by Rs 17.50, or 0.37%, to Rs 4,804 in 6,180 lots.
