March 22, 2011

Commodity Castorseed Futures Level For March 22

The Commodity castorseed futures prices showed an uptrend in market by Rs 127 to Rs 4,855 per quintal today, following lower levels buying driven by firm spot markets sentiment. 
Commodity analysts said apart from low-level buying, increase in demand from consuming industries against restricted supply in domestic markets, has made traders to extend  its positions in the market.  The trading sentiments are also increased due to higher overseas advices on NCDEX. Commodity castorseed future prices for June contract jumped up by Rs 127, or 2.69 per cent, to Rs 4,855 per quintal, with an open interest of 290 lots.  
Current month April's contract also shot up by Rs 101, or 2.20 per cent, to Rs 4,927 per quintal, with an open interest of 9,910 lots.
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