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

Castor seed rises Rs 36 on high export demand

Topics
Business Finance

Press Trust of India  |  New Delhi 

Castor seed prices firmed up by Rs 36 to Rs 34,170 per quintal in futures trading today as traders indulged in enhancing positions in line with upbeat sentiments at the domestic spot markets on strong export demand.

Marketmen attributed the rise in castor seed prices at futures market to raising of holdings amid a firm trend at the physical markets on strong export and domestic demand from consuming industries.

In futures trade at the National Commodity and Derivatives Exchange, castor seed for delivery in the current month advanced by Rs 36, or 0.87 per cent, to Rs 4,170 per quintal, having an open interest of 40,490 lots.

Also, castor seed for delivery in May traded higher by Rs 36, or 0.86 per cent, to Rs 4,220 per quintal, in a business turnover of 32,060 open 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: Mon, April 02 2018. 13:25 IST
RECOMMENDED FOR YOU