Increase in demand lifts castorseed future 23/12/2014

Increase in demand lifts castorseed future
23/12/2014 12:58
Castorseed prices rose by 0.39 per cent on Tuesday 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 January 2015 contract were trading at Rs. 4,934 per quintal tonnes, up by 0.39 per cent, after opening at Rs. 4,950 against the previous closing price of Rs. 4,915. It touched the intra-day high of Rs. 5,000 till the trading. (At 01.01 PM today)