You are here: Home » PTI Stories » National » News
Business Standard

Castor seed futures remain higher by 1.89 pc

Business Finance

Press Trust of India  |  New Delhi 

Castor seed prices spurted for the second straight session, adding 1.89 per cent to Rs 4,269 per quintal in futures trade today on unabated accumulation of holdings by the investors, spurred by strong physical leads.

Market players said, investors were indulged in enlarging holdings, driven by upbeat physical markets sentiment, boosting the castor seed futures prices.

In the spot markets, brisk demand for soap, paint and lubricant industries amid halt in arrivals from growing belts held the prices in the green zone, they added.

At the National Commodity and Derivatives Exchange, castor seed delivery for July hardened by Rs 79 or 1.89 per cent to Rs 4,269 per quintal, with an open interest of 56,340 lots.

Likewise, the castor seed delivery of the most traded August contract flared up by Rs 80 or 1.89 per cent to Rs 4,320 per quintal, with a business turnover of 95,850 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

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.

Digital Editor

First Published: Wed, July 04 2018. 12:20 IST