Marketmen attributed the rise in castorseed prices in futures trade to widening of positions by participants, tracking a firm trend at the spot markets on restricted supplies from growing belts and robust demand from consuming industries.
Besides, pick up in export demand supported the upside in prices, they added.
At the National Commodity and Derivatives Exchange, castorseed for delivery in July was trading higher by Rs 48, or 1.11 per cent, to Rs 4,382 per quintal, in an open interest of 37,090 lots.
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