Castorseed prices were up by Rs 14 at Rs 4,022 per quintal in futures trading today as traders raised their bets amid a firm trend at the physical markets on rising demand.
At the National Commodity and Derivative Exchange, castorseed for delivery in February contracts gained Rs 14 or 0.35 per cent to Rs 4,022 per quintal, having an open interest of 25,940 lots.
Castorseed for delivery in far-month March also looked up by Rs 12 or 0.30 per cent to Rs 4,074 per quintal, revealing an open interest of 25,600 lots.
Marketmen said the rise in castorseed prices in futures trade was mostly attributed to a firm trend at the spot markets strong demand from castor oil industries along with tight arrivals from growing regions.
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