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Castor seed prices rise by Rs 70 on firm bets

Press Trust of India  |  New Delhi 

Castor seed prices rose sharply by Rs 70 to Rs 5,508 per in futures trade Monday after investors widened their bets amid firm trends.

Marketmen said besides rising demand from consuming industries, shortage of stocks at the spot markets mainly led to the rise in castor seed futures.

At the National Commodity and Derivatives Exchange, castor seed for January was trading higher by a hefty Rs 70, or 1.29 per cent, to Rs 5,508 per

Castor seed for February next year, too, showed a similar trend as it surged by Rs 74, or 1.34 per cent, to Rs 5,576 per quintal, having an open interest of 3,200 lots.

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

First Published: Mon, December 03 2018. 10:45 IST