Castor Seed up in Futures Trade on Spot Demand

Castor seed prices went up by Rs 38 to Rs 4,337 per quintal in futures trading as speculators raised bets, tracking upbeat sentiment at the physical markets.castor-seeds_10421148_250x250

At the National Commodity and Derivative Exchange, castor seed for delivery this month traded higher by Rs 38 or 0.88 per cent to Rs 4,337 per quintal, with an open interest of 9,430 lots.

Castor seed to be delivered in December too gained Rs 28 or 0.64 per cent to Rs 4,389 per quintal, showing an open interest of 79,790 lots.

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Castor Seed Futures Decline Rs 23 per Quintal

Castor seed prices came down by Rs 23 to Rs 4,290 per quintal in futures trading as traders preferred to offload holdings, reflecting muted demand in the spot market.

Market players said drop in demand in soap, lubricant and paint industries in spot markets weighed on castor seed futures prices.Castor-Oil-Seeds-Traders

At the National Commodity and Derivative Exchange, castor seed delivery for the immediate contract November slipped by Rs 23, or 0.53 per cent, to Rs 4,290 per quintal, showing an open interest of 19,170 lots.

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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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