Castorseed futures climb 3 per cent

NEW DELHI: Castorseed prices spurted by Rs 111 to Rs 3,795 per quintal in future trading today as speculators enlarged their positions in line with firm physical and overseas markets sentiments.

Marketmen said strong domestic as well as overseas demand, amid restricted supply in physical markets, mainly attributed jumps in castorseed future prices.

At the National Commodity and Derivatives Exchange counter, castorseed for May contract shot up by Rs 111, or 3.01 per cent to Rs 3,795 per quintal, clocking an open interest of 1,570 lots.

Delivery for March contract rose by Rs 90, or 2.52 per cent to Rs 3,662 per quintal, in an open interest of 84,100 lots.

The commodity for February delivery too remained higher by Rs 85, or 2.44 per cent to Rs 3,564 per quintal, with an open interest of 76,180 lots.