Castorseed futures up Rs 78 on spot demand

Image
Press Trust of India New Delhi
Last Updated : Aug 31 2015 | 12:57 PM IST
Castorseed prices rose by Rs 78 per quintal in morning trade in futures market as participants widened positions, tracking a firming trend at the spot market on rising demand.
At the National Commodity and Derivatives Exchange, castorseed for delivery in November rose by Rs 78, or 1.86 per cent to Rs 4,266 per quintal, in an open interest of 95,580 lots.
In line with overall trend, the most-active delivery in September advanced by Rs 65, or 1.60 per cent to Rs 4,122 per quintal with an open interest of 1,43,200 lots.
Marketmen said apart from tight supplies, rising demand from consuming industries at the spot markets, mainly led to rise in castorseed prices in futures trade here.
*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: Aug 31 2015 | 12:57 PM IST

Next Story