The News Scroll 22 September 2017  Last Updated at 1:16 pm | Source: PTI

Castor seed futures gain on spot demand

Castor seed futures gain on spot demand

New Delhi, Sep 22 (PTI) Castor seed registered a rise of Rs 20 to Rs 4,741 per quintal in its prices at futures trade today as operators raised their bets supported by strong industrial demand in the spot markets.

At the National Commodity and Derivative Exchange, castor seed for the November delivery contracts advanced by Rs 20 or 0.42 per cent to Rs 4,741 per quintal, in an open interest of 37,410 lots.

The most-traded delivery in October too was trading higher by Rs 17 or 0.37 per cent to Rs 4,657 per quintal, depicting an open interest of 82,770 lots.

According to marketmen, the rise in castor seed futures prices was attributed to brisk demand from print, soap and other consuming industries.

Besides, tight supplies in spot markets too supported the upward march, they said.

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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