Mcx commodity tips: Castorseed prices rose by 0.43 per cent on Friday 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 June 2015 contract were trading at Rs. 3,926 per quintal tonnes, up by 0.43 per cent, after opening at Rs. 3,919 against the previous closing price of Rs. 3,909. It touched the intra-day high of Rs. 3,939 till the trading.
Guar seed futures ended marginally down while guar gum settled up a tad on National Commodity and Derivatives Exchange (NCDEX) Saturday. Guar seed February contract shed Rs nine at Rs 2,826 a quintal and traded in the range of Rs 2,850 and Rs 2,815 a quintal. Volume for the contract was 29,080 tons while the open interest was 23,830 lots. Guar gum February contract ended at Rs 8,082 a quintal, up Rs six and fluctuated in the range of Rs 8,148- 7,991 a quintal. Volumes of the contract stood at 2,605 tons with open interest of 4,115 tons. On February 11th, demat stock of guar seed at NCDEX-monitored warehouses was 93,401 tons with 1,433 tons in processing while demat stock of guar gum was 20,769 tons with 1,448 tons in processing.
