Castorseed futures up on rising demand

NEW DELHI: Castorseed prices were up by Rs 60 to Rs 4,418 per quintal in futures trading today after participants widened their bets, tracking a firming trend at the physical market on rising demand.

Marketmen said widening of positions by speculators driven by a firming trend at the spot market on strong demand influenced castorseed prices in futures trade.

In futures trading at National Commodity and Derivatives Exchange, castorseed delivery for December rose Rs 60, or 1.38 per cent, to Rs 4,418 per quintal, in an open interest of 1,88,200 lots.

Also, most-active delivery in November advanced by Rs 50, or 1.17 per cent, to Rs 4,319 per quintal, with an open interest of 1,94,480 lots.