Castor seed prices increased by Rs 36 to Rs 4,230 per quintal in futures trade today after short covering by traders on upbeat physical sentiments.
Market players said pick up in industrial buying such as soap, paint and lubricant industries, sparked by tight arrivals from growing regions in spot markets mainly helped to boost trading sentiments in castor seed futures prices.
At the National Commodity and Derivative Exchange, castor seed delivery for March contracts regained Rs 36 or 0.86 per cent to Rs 4,230 per quintal, with a business turnover of 60,110 open lots.
The delivery for April contracts also revived by Rs 27, or 0.63 per cent, to Rs 4,290 per quintal, with an open interest of 9,400 lots.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.