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Castorseed futures prices moved up by Rs 100 to Rs 5,177 per quintal today on aggressive buying driven by firm spot market sentiment.
Market analysts said brisk buying by traders against restricted supply amid pick-up in demand at the domestic market pushed up the futures prices. Higher overseas trend also influenced the trading sentiment to some extent.
At the National Commodity and Derivatives Exchange, castorseed prices for delivery in May shot up by Rs 100 or 1.97 per cent to Rs 5,177 per quintal with an open interest of 5,420 lots. Likewise, April contract rose Rs 76.50 or 1.49 per cent to Rs 5,194 per quintal with a business turnover of 6,060 lots.
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