Castor seed futures up on short covering

Castor seed prices resumed higher by Rs 42 to Rs 4,658 per quintal in future trading today on revival of buying at prevailing levels, driven by emerging spot as well as overseas markets.
Market players attributed the recovery in prices at future trading to fall in arrivals amidst pick up in demand at spot markets.
Besides strengthening of export demand too pushed to the future prices, they quoted.
At the National Commodity and Derivative Exchange counter, castor seed delivery for most active first contract April retook Rs 42 or 0.91 per cent to Rs 4,658 per quintal, with an open interest of 97,160 lots.

The delivery for near contract May month also recouped by Rs 38 or 0.81 per cent to Rs 4,721 per quintal, having an open interest of 45,530 lots.