Comments
Castor futures witnessed a mixed trend on Wednesday. There were no big deals because of the cricket match between India and Pakistan.
At Rajkot Commodity Exchange, castor seed June contract gained Rs 11 from Rs 5,043 to Rs 5,054 a quintal. At Ahmedabad Commodity Exchange, castor April contract decreased Rs 8.50 to Rs 5,045 from Rs 5,053.50 and May contract increased Rs 28 to Rs 5,041.50.
There were no arrivals as spot markets remain closed for March ending.
At the National Commodity and Derivatives Exchange, castor seed May contract were down by Rs 6.50, or 0.13 per cent, to Rs 5,030 a quintal, with an open interest of 4,550 lots. June contract prices shot up by Rs 94, or 1.87 per cent, to Rs 5,125 a quintal, clocking an open interest of 1,400 lots.
A Rajkot-based trader said, “In the coming days, castor prices may increase on expected export demand.”
Comments
COMMENT NOW
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.