Castor Seed Futures up on Physical Demand

Castor seed prices rose by 0.63 per cent to Rs 4,445 per quintal in futures trading on the back of widening of positions by speculators.Castor-Oil-Seeds2

At the National Commodity and Derivative Exchange, castor seed for delivery in December month gained Rs 28 or 0.63 per cent to Rs 4,445 per quintal, clocking an open interest of 69,800 lots.

Also, the November month contract was up by Rs 24 or 0.55 per cent to Rs 4,398 per quintal, depicting an open interest of 39,370 lots.

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Positive Spot Leads Lift Castor Seed Futures

Castor seed prices rebounded Rs 16 to Rs 4,508 per quintal in futures trade early November, after participants created fresh positions at the existing levels amid a firm trend in the physical market.

At the National Commodity and Derivative Exchange, castor seed for delivery in December contracts improved by Rs 16 — or 0.36 per cent — to Rs 4,508 per quintal, with an open interest of 53,800 lots.

Similarly, the most-traded delivery in November also went up Rs 14, or 0.32 per cent, to Rs 4,452 per quintal, having an open interest of 62,640 lots.

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