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Castor seed futures remain up on physical demand

Press Trust of India  |  New Delhi 

Castor seed prices extended gains by Rs 20 to Rs 4,116 per as traders went for long positions on the back of rising physical market demand.

Market players said thin supplies and strong demand for soap, and lubricant industries in spot markets mainly kept castor seed futures prices up for the second straight day.

At the National Commodity and Derivative Exchange, castor seed delivery for the immediate contract March month moved up further by Rs 20 or 0.49 per cent to Rs 4,116 per quintal, with an open interest of 18,020 lots.

The delivery of the most traded near contract April month also advanced by Rs 18 or 0.43 per cent to Rs 4,183 per quintal, with a business turnover of 48,130 open lots.

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

First Published: Thu, March 08 2018. 12:35 IST