Castorseed prices soared by Rs 53 to Rs 4,348 per quintal in futures trading today as participants expanded their positions, driven by a firm trend at the physical markets.
Besides, positive overseas cues supported the upside.
At the National Commodity and Derivative Exchange, castorseed for delivery in March month climbed by Rs 53 or 1.23 per cent to Rs 4,348 per quintal, with an open interest of 2,840 lots.
Castorseed for most-active April contracts also advanced by Rs 23 or 0.53 per cent to Rs 4,390 per quintal, open interest stood at 97,810 lots.
Marketmen said widening of positions by participants in line with strong physical markets on pick up in export demand and enquiries from consuming industries amid less arrivals, mainly supported the upsurge in prices here in future trading.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)