The August contract of castor seed on the NCDEX rose for the fourth trading day today to hit an over two-month high of 4,685 rupees per 100 kg because of a fall in inventories at the bourse-accredited warehouses, and tracking the spot market. As of today, stocks of castor seed at the warehouses were at 64,578 tn compared with 71,217 tn a week ago, the exchange data showed. Prices rose in the spot market due to improved demand from domestic oil millers, amid limited supplies.
Source : Newswire
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