Castor seed futures spurt on upbeat physical cues

Castor seed prices spurted by Rs 84 to Rs 4,493 per quintal in futures trade today as investors accumulated exposures backed up by positive physical market sentiments.Castor-Oil-Seeds2

At the National Commodity and Derivatives Exchange platform, castor seed delivery for the most traded second contract August shot up by Rs 84 or 1.91 per cent to Rs 4,493 per quintal, with an open interest of 1,17,630 lots.

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Castor seed futures regain on short covering

Castor seed prices recovered by Rs 21 to Rs 4,260 per quintal in futures trade on short-covering by participants at existing levels induced by encouraging physical cues.Castor-Oil-Seeds-Traders

At the National Commodity and Derivatives Exchange, castor seed delivery for August improved by Rs 21, or 0.50 per cent, to Rs 4,260 per quintal in a business turnover of 86,280 lots.

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Castor seed futures remain higher by 1.89 pc

Castor seed prices spurted for the second straight session, adding 1.89 per cent to Rs 4,269 per quintal in futures trade on unabated accumulation of holdings by the investors, spurred by strong physical leads.castor-seeds_10421148_250x250

Market players said, investors were indulged in enlarging holdings, driven by upbeat physical markets sentiment, boosting the castor seed futures prices.

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Castor seed futures fall on spot cues

Castor seed prices slipped by Rs 13 to Rs 4,233 per quintal in futures trade on cutting down holdings by the participants depressed by negative physical markets sentiments.Castor-Oil-Seeds2

Market players attributed the decline in castor seed futures prices to slackness in demand for soap, paint and lubricant industries amid mounting of stocks on relentless supplies from producing areas in the spot markets.

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Uptick in demand lifts castor seed futures

Castor seed prices rose by 0.51 per cent to Rs 3,916 per quintal in futures market today as speculators raised their bets, taking positive cues from spot market on pick-up in demand.

At the National Commodity and Derivatives Exchange, castor seed for delivery in July was trading higher by Rs 20, or 0.51 per cent to Rs 3,916 per quintal with an open interest of 1,05,650 lots.

Castor seed up on positive spot cues

Castor seed prices were marked higher by Rs 10 to Rs 3,982 per quintal in futures trade as operators created fresh positions, driven by strong trends at the physical markets.

Marketmen attributed the rise in castor seed futures prices to building up of fresh positions by speculators, tracking a firm trend at the spot markets on the back of rising demand from paint, soap and other consuming industries.

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 as traders indulged in enhancing positions in line with upbeat sentiments at the domestic spot markets on strong export demand.Castor-Oil-Seeds2

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.

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Castor seed futures remain weak on physical sentiments

Castor seed prices extended losses by Rs 13 to Rs 4,079 per quintal in futures trade on cutting down of bets constantly by the operators depressed by subdued physical trend.

Market players said ample stocks along with weak demand for paint, soap and lubricant industries in spot markets continually let down traders, which resulted in declining trend in castor seed futures prices.castor-seeds_10421148_250x250

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Castor seed futures fall 0.89% on weak spot cues

Castor seed prices drifted lower by Rs 37 per quintal in futures trade on offloading of positions by speculators amid a weak trend at the physical markets.Castor-Oil-Seeds-Traders

At the National Commodity and Derivative Exchange, castor seed delivery for the most-traded delivery in May declined by Rs 37, or 0.89 per cent, to Rs 4,114 per quintal, with an open interest of 66,770 lots.

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Castor seed futures slip on subdued spot cues

Castor seed prices drifted lower by Rs 20 to Rs 4,146 per quintal in futures trade as participants liquidated holdings in line with a weakening trend in spot markets.Castor-Oil-Seeds-Traders

At the National Commodity and Derivatives Exchange, castor seed for delivery in May dropped by Rs 20, or 0.48 per cent, to Rs 4,146 per quintal, clocking an open interest of 76,240 lots.

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