Castor seed future goes up on higher positive spot market cues

Castor seed prices improved by Rs 38 to Rs 4,507 per quintal in futures trading today as participants indulged in widening bets backed up by a firm trend at the physical markets.
Marketmen said besides, thin supplies of castor seed from growing belts against pick-up in demand from paint and lubricant industries in physical markets, gave push to castor seed prices in futures trade here.
At the National Commodity and Derivative Exchange counter, castor seed delivery for the most-traded November month contracts strengthened by Rs 38 or 0.85 per cent to Rs 4,507 per quintal, with an open interest of 71,660 lots.

The delivery for the December month contract also enquired higher by Rs 38 or 0.84 per cent to Rs 4,564 per quintal, having an open interest of 47,520 lots.