Castorseed futures extend gains

Castorseed remained positive for the second day today in futures trade with prices rising by another Rs 15 to Rs 4,658 per quintal as participants indulged in raising their positions.

Besides, strong domestic and export demand too influenced the castorseed prices.

Marketmen said raising their bets by participants on the back of rising spot and export demand, mainly kept castorseed prices rising for yet another day.

At the National Commodity and Derivatives Exchange, castorseed for delivery in September rose by Rs 15, or 0.32 per cent, to Rs 4,658 per quintal, clocking an open interest of 80,470 lots.

Castorseed for delivery in October also moved up by a similar margin to trade at Rs 4,738 per quintal and open interest stood at 9,840 lots.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)