Castorseed futures up on firm spot, export demand
Marketmen said strong industrial demand coupled with restricted supply in physical markets, mainly attributed the rise in castorseed prices.
By PTI | Updated:
NEW DELHI: Castorseed futures prices today spurted by Rs 77 to Rs 3,755 per quintal following brisk buying by traders, driven by firm spot as well as overseas markets sentiment.
Marketmen said strong industrial demand coupled with restricted supply in physical markets, mainly attributed the rise in castorseed prices.
Strong export demand also helped to boost the trading sentiments, they said.
At the National Commodity and Derivatives Exchange, castorseed prices for current January contract climbed up by Rs 77, or 2.09 per cent, to Rs 3,755 per quintal, clocking an open interest of 17,870 lots.
Similarly, February contract prices surged by Rs 76, or 2.01 per cent, to Rs 3,850 per quintal, with an open interest of 1,41,470 lots.
Marketmen said strong industrial demand coupled with restricted supply in physical markets, mainly attributed the rise in castorseed prices.
Strong export demand also helped to boost the trading sentiments, they said.
At the National Commodity and Derivatives Exchange, castorseed prices for current January contract climbed up by Rs 77, or 2.09 per cent, to Rs 3,755 per quintal, clocking an open interest of 17,870 lots.
Similarly, February contract prices surged by Rs 76, or 2.01 per cent, to Rs 3,850 per quintal, with an open interest of 1,41,470 lots.
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