 "Castorseed up 1.4% on strong export, domestic demand")
Castorseed prices climbed up by Rs 69 to Rs 4,988 per quintal in futures trading today following heavy buying by traders, driven by firm spot as well as overseas sentiment.
Marketmen said higher industrial demand against restricted supply in physical markets mainly kept the prices in green zone.
Strong export demand on low inventories also influenced the trading sentiments, they added.
Most active February contract rose by Rs 64, or 1.33%, to Rs 4,863 per quintal, having an open interest of 1,67,290 lots.
January contract also gained Rs 62, or 1.31%, to Rs 4,780 per quintal with an open interest of 97,530 lots.
Marketmen said higher industrial demand against restricted supply in physical markets mainly kept the prices in green zone.
Strong export demand on low inventories also influenced the trading sentiments, they added.
Also Read
At the National Commodity and Derivatives Exchange, castorseed prices for far April contract spurted by Rs 69, or 1.40% to Rs 4,988 per quintal, with an open interest of 14,780 lots.
Most active February contract rose by Rs 64, or 1.33%, to Rs 4,863 per quintal, having an open interest of 1,67,290 lots.
January contract also gained Rs 62, or 1.31%, to Rs 4,780 per quintal with an open interest of 97,530 lots.
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