Castorseed up 1% on fresh buying

Commodity for Feb delivery moved up by 0.76%

Castorseed prices higher by Rs 44 to Rs 4,331 per quintal in futures trading today on the back of fresh positions created by speculators at prevailing levels.

Marketmen said pick-up in demand and restricted supplies in spot markets mainly influenced castorseed prices at futures trade.

At the National Commodity and Derivatives Exchange counter, castorseed prices for delivery in far-month May delivery contracts hardened by Rs 44, or 1.03%, to Rs 4,331 per quintal, with an open interest of 5,050 lots.

In similar manners, castorseed delivery in February moved up by Rs 31, or 0.76%, to Rs 4,108 per quintal, clocking an open interest of 1,52,120 lots.