Castorseed prices were higher by Rs 65 to Rs 5,125 per quintal in futures trading today as participants expanded their exposure in line with a firm trend at the domestic spot markets amid positive overseas markets.
Marketmen said widening of positions by participants driven by a firm trend at the spot markets on strong demand from consuming industries mainly supported the upside in castroseed prices.
Moreover, lower output estimates this year gave support to rising prices, they added.
At the National Commodity and Derivative Exchange, castorseed for delivery in May was up by Rs 65 or 1.28 per cent to Rs 5,125 per quintal, with an open interest of 82,350 lots.
Also, castorseed for delivery in current month contracts was trading higher by Rs 55 or 1.10 per cent to Rs 5,054 per quintal, clocking an open interest of 39,830 lots.
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