Castorseed up 0.9% on spot demand

Delivery in July month contracts was trading higher by 0.8%

Castorseed prices rebounded by Rs 36 to Rs 3,895 per quintal in futures trading today as speculators enlarged positions at prevailing lower levels amid rising spot demand.

At the National Commodity and Derivative Exchange counter, castorseed for delivery in current month (June) contracts recovered by Rs 36, or 0.93 per cent to Rs 3,895 per quintal, having an open interest of 48,750 lots.

On similar lines,most-active delivery in July month contracts was trading higher by Rs 32, or 0.80 per cent to Rs 4,046 per quintal, in an open interest of 1,98,720 lots.

Marketmen attributed recovery in castroseed prices to emergence of buying at lower levels in spot markets.