Castorseed gains on increase in demand 20/11/2014

Castorseed gains on increase in demand
20/11/2014 12:24
Castorseed prices rose by 1.83 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for December 2014 contract were trading at Rs. 4,785 per quintal tonnes, down by 1.83 per cent, after opening at Rs. 4,735 against the previous closing price of Rs. 4,699. It touched the intra-day high of Rs. 4,795 till the trading. (At 12.25 PM today).