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Uptick in demand lifts castor seed futures

Press Trust of India  |  New Delhi 

seed prices rose

by 0.51 per cent to Rs 3,916 per quintal in futures market today as speculators raised their bets, taking positive cues from spot market on pick-up in demand.

At the National Commodity and Derivatives Exchange, seed for delivery in July was trading higher by Rs 20, or 0.51 per cent to Rs 3,916 per quintal with an open interest of 1,05,650 lots.

In a similar fashion, the delivery for June contracts gained Rs 19, or 0.49 per cent to Rs 3,870 per quintal in 3,670 lots.

Market analysts said expanding of positions by participants due to pick-up in demand from consuming industries at the physical markets against restricted supplies from growing regions, mainly pushed up seed prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 12 2018. 12:15 IST
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