Castorseed futures prices hit the daily upper limit of 4 per cent today, following brisk buying by traders in line with firm cues at the overseas and domestic markets.

At the National Commodity and Derivatives Exchange counter, castorseed for May contract shot up to hit a daily upper limit of 4 per cent rising by Rs 199.50 to Rs 5,198 per quintal with an open interest of 370 lots. March contract jumped by Rs 132 or 2.58 per cent to Rs 5,252 per quintal with an open interest of 8,340 lots.

Likewise, February contract moved up by Rs 79.50 or 1.51 per cent to Rs 5,359 per quintal clocking a business volume of 290 lots.

Market analysts said low stocks position against brisk buying by consuming industries at the physical markets and a firm global trend, mainly influenced the castorseed futures prices here.

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