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An upward trend continued unabated for the third straight day in castorseed futures prices as it rose by another Rs 71 to Rs 5,040 per quintal on Thursday, mostly supported by firming trends at the spot market.
Market analysts said besides a firming trend at the spot market on strong demand, strong advices from overseas markets also influenced the prices at futures trade here.
At the National Commodity and Derivatives Exchange, castorseed prices May contract at Disa-Gujarat climbed up by Rs 71, or 1.43 per cent, to Rs 5,040 per quintal, with an open interest of 3,760 lots.
Similarly, June contract prices also shot up by Rs 65, or 1.30 per cent, to Rs 5,075.50 per quintal, clocking an open interest of 660 lots, while prices for delivery in April rose by Rs 40, or 0.80 per cent, to Rs 5,070 per quintal, with an open interest of 9,330.
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