Castorseed prices flared up by Rs 57 to Rs 4,337 per quintal in futures trading today after participants created huge positions, tracking a firm trend at the spot markets on strong demand.
Besides, firming trend overseas too supported the upside.
Marketmen attributed the rise in castorseed prices at futures trade to a firm trend at the domestic spot markets on the back of strong demand from consuming industries amid positive global cues.
At the National Commodity and Derivative Exchange, castorseed for delivery in April climbed Rs 57 or 1.33 per cent to Rs 4,337 per quintal, with an open interest of 1,00,740 lots.
Castorseed for delivery in current month also spurted by Rs 55 or 1.31 per cent to Rs 4,266 per quintal, with the business turnover of 10,630 open lots.
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