Castorseed futures recoup on spot demand

Image
Press Trust of India New Delhi
Last Updated : Jul 28 2015 | 12:22 PM IST
Castorseed recovered by Rs 30 to Rs 3,817 per quintal in futures trade today as speculators enlarged positions, tracking a firming trend at the physical markets following pickup in demand.
Marketmen said apart from fall in supplies, pick up in demand at existing levels at the spot markets, mainly supported the upside in castorseed prices at futures trade here.
At the National Commodity and Derivatives Exchange, castorseed prices for delivery in August contract recovered by Rs 30, or 0.70 per cent to Rs 3,817 per quintal, with an open interest of 1,45,320 lots.
Also, castorseed September contract was trading higher by Rs 27, or 0.70 per cent to Rs 3,895 per quintal, in an open interest of 1,44,300 lots.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 28 2015 | 12:22 PM IST

Next Story