Castorseed prices flared up by Rs 176.50 to Rs 5,405 a quintal in futures trade today following aggressive buying by traders in line with firm overseas and domestic markets cue.
Market analysts said low stocks position against heavy buying by consuming industries in the physical markets and firm global market sentiment, influenced futures trading.
At the National Commodity and Derivatives Exchange, castorseed prices for delivery in March hardened by Rs 176.50 or 3.38 per cent to Rs 5,405 a quintal, clocking an open interest of 7,730 lots.
Castorseed prices for delivery in February spurted by Rs 166.50 or 3.06 per cent to Rs 5,605 a quintal, with an open interest of 5,090 lots.
Similarly, prices for May contract jumped up by Rs 151.50 or 3.01 per cent to Rs.5,190 a quintal, showing an open interest of 130 lots.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.