Castorseed futures firms up on heavy buying support

Castorseed futures prices rose by Rs 80 to Rs 4,100 per quintal today, following brisk buying in the wake of firm physical markets sentiment.

Market analysts said paucity of stocks on restricted supply at physical markets, encouranged traders to raise their holdings.

Strong industerial demand also helped to boost trading sentiments, they added.

At the National Commodity and Derivatives Exchange counter, castorseed price for delivery in January jumped up by Rs 80, or 1.99 per cent, to Rs 4,100 per quintal, with an open interest of 7,070 lots.

Prices for delivery in February rose by Rs 79.50, or 2.09 per cent, to Rs.3,888 per quintal, clocking an open interest of 4,800 lots.