 "Castorseed up 2% on rising export and industrial demand")
Castorseed prices firmed up by Rs.95, or 2.01%, to Rs.4,817 per quintal in futures trade today after speculators enlarged positions amidst export demand sparked by emerging physical markets.
At the National Commodity and Derivatives Exchange, castorseed for most-active January next year contracts jumped by Rs.95, or 2.01% to Rs.4,817 per quintal, with an open interest of 3,53,290 lots.
Also, delivery in December month contract rose by Rs.92, or 1.97% to Rs.4,773 per quintal, having an open interest of 21,950 lots.
Marketmen attributed rise in castorseed prices at futures trade to rising export and industrial demand.
At the National Commodity and Derivatives Exchange, castorseed for most-active January next year contracts jumped by Rs.95, or 2.01% to Rs.4,817 per quintal, with an open interest of 3,53,290 lots.
Also, delivery in December month contract rose by Rs.92, or 1.97% to Rs.4,773 per quintal, having an open interest of 21,950 lots.
Marketmen attributed rise in castorseed prices at futures trade to rising export and industrial demand.