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Castor seed recovers 0.33% on upbeat cues

Press Trust of India  |  New Delhi 

Castor seed prices came up by Rs 0.33 per cent to Rs 4,614 per in futures trade today as traders buy back holdings at existing levels, supported by emerging physical markets.

Marketmen said following the upbeat physical markets stance, traders were creating fresh positions at prevailing levels, which indicated the uptick in castor seed futures prices.

In the spot markets acceleration in demand for paint, soap and lubricant industries amid a pause in supplies held prices up, they added.

At the National Commodity and Derivatives Exchange counter, castor seed delivery for August improved by Rs 15 or 0.33 per cent to Rs 4,614 per quintal, with an open interest of 25,470 lots.

In line with the general trend, the delivery for the most-traded September marked up by 0.15 per cent or 0.32 per cent to Rs 4,662 per quintal, with the business turnover in 1,29,050 open interest lots.

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

First Published: Tue, August 07 2018. 11:45 IST