NEW DELHI, Aug 3: Castorseed prices rose by Rs 19 to Rs 4,507 per quintal in futures trade today on widening of positions by speculators in line with higher physical markets.
Marketmen said rising prices in spot markets backed up by strong buying by paint and lubricant makers coupled with halt in arrivals from growing areas, mainly attributed the rise in castorseed prices in futures trade.
At the National Commodity and Derivatives Exchange, castorseed for delivery in September rose by Rs 19, or 0.42 per cent, to Rs 4,507 per quintal, with an open interest of 40,560 lots.
The delivery for August also gained Rs 18, or 0.41 per cent, to Rs 4,432 per quintal, with a business turnover of 46,940 open lots. (PTI)
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