Castorseed prices hit daily upper limit of four per cent, or by Rs 181, to Rs 4,709 per quintal in futures trading today following speculative buying by traders, driven by firm spot and overseas markets sentiment.
Marketmen said strong industrial demand against thin supply in physical markets mainly supported the uptrend.
At the National Commodity and Derivatives Exchange platform, castorseed prices for March contract spurted by Rs 181, or daily upper circuit of 4 per cent to Rs 4,709 per quintal, with an open interest of 44,220 lots.
Most active February contract jumped up by Rs 178, or 4 per cent, to Rs 4,634 per quintal, having an open interest of 1,59,060 lots.
January contract shot up by Rs 175, or 3.99 per cent, to Rs 4,562 per quintal in an open interest of 43,470 lots.
