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Castorseed futures up on positive spot cues

Castorseed futures up on positive spot cues

Monday, July 17, 2017

 

Castorseed prices firmed up by Rs 54 to Rs 4,658 per quintal in futures trading today as traders widened positions in tune with a firm trend at the domestic physical markets. Marketmen attributed the rise in castorseed prices in futures trading to building up of positions by participants, driven by strong demand at the spot markets from consuming industries amid tight supplies.

 

At the National Commodity and Derivatives Exchange, castorseed was trading higher by Rs 54, or 1.17 per cent, to Rs 4,658 per quintal, in an open interest of 85,360 lots. Castorseed for delivery this month also rose by Rs 47, or 1.04 per cent, to Rs 4,580 per quintal, revealing an open interest of 1,570 lots.

 

Source: www.outlookindia.com

 

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