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Castor seed rises Rs 36 on high export demand

03-Apr-2018
Castor seed rises Rs 36 on high export demand

Castor seed prices firmed up by Rs 36 to Rs 34,170 per quintal in futures trading today as traders indulged in enhancing positions in line with upbeat sentiments at the domestic spot markets on strong export demand.

Marketmen attributed the rise in castor seed prices at futures market to raising of holdings amid a firm trend at the physical markets on strong export and domestic demand from consuming industries.

In futures trade at the National Commodity and Derivatives Exchange, castor seed for delivery in the current month advanced by Rs 36, or 0.87 per cent, to Rs 4,170 per quintal, having an open interest of 40,490 lots.

Also, castor seed for delivery in May traded higher by Rs 36, or 0.86 per cent, to Rs 4,220 per quintal, in a business turnover of 32,060 open lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Source:-Business-standard.com

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