Castorseed prices firmed up by Rs 86 to Rs 4,785 per quintal in futures trade today as participants enlarged positions on rising demand at domestic spot markets amid restricted arrivals.
At the National Commodity and Derivatives Exchange, castorseed for delivery in November month contracts advanced by Rs 86, or 1.83 per cent, to Rs 4,785 per quintal, with an open interest of 2,540 lots.
Similarly, most-active December month contracts gained Rs 80, or 1.68 per cent, to Rs 4,852 per quintal in an open interest of 2,97,060 lots.
Marketmen said apart from rising spot as well as export demand in physical markets, fall in supplies mainly influenced castorseed prices in futures trade.
