Castorseed futures up on spot demand

Castorseed prices were higher by Rs 22 to Rs 4,664 per quintal in futures trading today following raising of bets by participants in tune with firming physical markets.

Marketmen said increased positions built up by participants, tracking a firm trend at the spot markets on strong demand from consuming industries mainly supported the castorseed prices in futures trade.

At the National Commodity and Derivatives Exchange, castorseed to be delivered in September moved higher by Rs 22, or 0.47 per cent, to Rs 4,664 per quintal, depicting an open interest of 78,850 lots.

Likewise, castorseed for delivery in August improved by Rs 20, or 0.44 per cent, to Rs 4,560 per quintal, with an open interest of 300 lots.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)