Oil and oilseeds closed due to a prominent member's death

Mumbai, Oct 30 (UNI) Trading in the oil and oilseeds exchange did not take place today to mourn the death of a prominent member of Bombay oilseeds and oils exchange, trader of the exchange said.

Castorseed futures market for December contracts rose on heavy speculative demand from local and upcountry operators following a bullish advice from the producing centres like Rajkot and Indore, traders here today said.

Trading in the castorseed futures for December 2006 contract price went up by Rs 26 to close at Rs 1,906 per quintal on good demand by local operators in view of an encouraging advice from the upcountry centres.

The business volume was 80 tonnes, traders added.

Following are the futures rates per quintal in Rupees: Quality open, high, low, close, previous close Castorseed December06, 1,888, 1,906, 1,885, 1,906, 1,880.

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