Castorseed prices remained the fancy of buyers for the second straight day by rising Rs 71 to Rs 4,996 per quintal in futures trade today amid renewed buying by speculators on the back of sturdy demand in spot as well as global markets.
According to market players, restricted arrivals from producing regions, powered by heavy buying by paint and lubricant industries in spot markets mainly kept the castorseed prices in green zone for the second consecutive day today.
Besides, sustained export demand also helped to give a push to the prices, they added.
At the National Commodity and Derivatives Exchange, castorseed delivery for the most-active first contract April hardened further by Rs 71, or 1.44 per cent, to Rs 4,996 per quintal, clocking an open interest of 95,550 lots.
The delivery for near contract May also added another profit of Rs 61, or 1.22 per cent, to Rs 5,060 per quintal, depicting an open interest of 54,630 lots.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)