Castorseed up on increased buying

Castorseed prices firmed up by Rs 46 to Rs 3,100 per quintal in the futures trade today taking cues from firm spot markets sentiment.

Marketmen said rise in demand from consuming industries against restricted arrivals in domestic markets encouraged traders to extended their positions in futures trade.

Higher overseas advices also boosted the trading sentiments to some extent, they said.

At the NCDEX, the May contract improved by Rs 46, or 1.51%, to Rs 3,100 per quintal, with an open interest of 3,820 lots.

The June contract also moved up by Rs 40, or 1.28%, to Rs 3,156 per quintal, having an open interest of 30,260 lots.