Castorseed prices rose by Rs 78 per quintal in morning trade in futures market as participants widened positions, tracking a firming trend at the spot market on rising demand.
At the National Commodity and Derivatives Exchange, castorseed for delivery in November rose by Rs 78, or 1.86 per cent to Rs 4,266 per quintal, in an open interest of 95,580 lots.
In line with overall trend, the most-active delivery in September advanced by Rs 65, or 1.60 per cent to Rs 4,122 per quintal with an open interest of 1,43,200 lots.
Marketmen said apart from tight supplies, rising demand from consuming industries at the spot markets, mainly led to rise in castorseed prices in futures trade here.
