Castor seed remains up on spot demand

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Press Trust of India New Delhi
Last Updated : May 23 2018 | 11:35 AM IST

Castor seed prices remained in demand for the second session by gaining Rs 11 to Rs 4,122 per quintal in futures trade as renewed buying by investors in tune with strong physical demand.

Market players said investors were expanding bets on the back of robust physical demand, which kept the prices positively for the second straight session.

In the spot market, apart from fall in supplies, immense demand for soap, paint and lubricant industries held prices upward, they added.

At the National Commodity and Derivatives Exchange platform, castor seed delivery for July moved up by Rs 11 or 0.27 per cent to Rs 4,122 per quintal, in an open interest of 25,140 lots.

Meanwhile, the delivery for June went up by Rs 7 or 0.17 per cent to Rs 4,074 per quintal, with business turnover of 93,470 open lots.

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First Published: May 23 2018 | 11:35 AM IST

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