Castorseed futures up on positive domestic, global cues

Castorseed prices went up by Rs 59 to Rs 4,527 per quintal in futures trading today after speculators widened bets, taking positive cues from domestic as well as global markets.

Marketmen said expansion of holdings by participants on firm trend at the domestic physical markets on robust demand against tight supplies and positive overseas cues, kept castorseed prices higher.

Besides, pick up in export demand too supported the upside, they added.

At the National Commodity and Derivatives Exchange, castorseed for August rose by Rs 59, or 1.32 per cent, to Rs 4,527 per quintal, with an open interest of 31,880 lots.
 

Castorseed for July too gained Rs 48, or 1.10 per cent, to Rs 4,431 per quintal, having an open interest of 72,030 lots.