Castor seed prices maintained upward run for the second straight day by adding another Rs 16 to Rs 4,050 per quintal in futures trade today on the expansion of exposures by the investors, driven by upbeat physical market cues.
Market players said, investors went for long positions on the back of rising prices at spot markets due to tight supplies against brisk demand from consuming industries such as soap, paint and lubricant makers, mainly held prices positively for the second consecutive day.
At the National Commodity and Derivatives Exchange platform, castor seed delivery for the most traded June advanced by Rs 16 or 0.40 per cent to Rs 4,050 per quintal, with the business turnover of 95,220 lots.
Similarly, the delivery for July gained by Rs 15 or 0.37 per cent to Rs 4,095 per quintal, in an open interest of 22,300 lots.