Castor seed futures rebound by Rs 34 per quintal

Castor seed prices rebounded by Rs 34 to Rs 4,470 per quintal in futures trading today on improved industrial demand.
At the National Commodity and Derivative Exchange, castorseed for most-traded, delivery in August month gained Rs 34 or 0.77 per cent to Rs 4,470 per quintal, having an open interest of 74,470 lots.
Likewise, castor seed for delivery in September advanced by Rs 33 or 0.73 per cent to Rs 4,540 per quintal, clocking an open interest of 13,760 lots.
Marketmen said rebound in prices at spot markets on the back of acceleration in industrial demand amid thin supplies, enthused participants to build up positions.