Castorseed futures improve on fresh buying

Castorseed prices surged by Rs 15.50, or 0.41 per cent, to Rs 3,788 per quintal on aggressive buying by traders in line with higher spot market cues.

Marketmen said heavy industrial units' demand amid restricted supply in physical markets, influenced the trading sentiment here in futures price of castorseed. 

At the National Commodity and Derivatives Exchange (NCDEX) counter, castorseed prices for August contract rose by Rs 15.50, or 0.41 per cent, to Rs 3,788 per quintal, revealing an open interest of 3,990 lots.

August contract also gained by Rs 13, or 0.35 per cent to Rs 3,769 per quintal, with an open interest of 3,590 lots.