Castorseed futures climbs on brisk buying

Castorseed prices flared up by Rs 65.50 to Rs 3,820.50 per quintal in the futures trading today on aggressive buying, driven by firm spot market sentiment.

Marketmen said fall in supply against strong industrial demand in physical markets, attributed to the rise here in futures prices of castorseed.

At the National Commodity and Derivatives Exchange platform, castorseed price for most-active January contract jumped up by Rs 65.50 or 1.74 per cent to Rs 3,820.50 per quintal, with an open interest of 8,340 lots. 

Current December contract also shot up by Rs 55.50 or 1.38 per cent to Rs 4,085 per quintal, with an open interest of 3,930 lots.