Castor seed prices firmed up by Rs 53 to Rs 4,696 per quintal in futures trade today after participants accumulated positions amid a firm trend at the physical markets.
Marketmen said, speculators were making long positions buoyed by brisk demand from paint, soap and lubricant industries amid a pause in supplies at the spot markets, which led to rise in castor seed futures price.
At the National Commodity and Derivatives Exchange, castor seed delivery for August sharpened by Rs 53, or 1.14 per cent, to Rs 4,696 per quintal, with an open interest of 22,150 lots.
The delivery for September hardened by Rs 53, or 1.13 per cent, to Rs 4,740 per quintal, having a business turnover of 1,34,390 open lots.