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Castor seed prices spurted by Rs 62 to Rs 3,510 per quintal in futures trading today following increased buying by traders, driven by firm spot as well as overseas markets sentiment.
Marketmen said strong industrial demand against restricted supply in physical markets, mainly kept the prices in green zone.
Pick up in export demand also helped to boost the trading sentiments, they said.
At the National Commodity and Derivatives Exchange, castorseed prices for current July contract shot up by Rs 62, or 1.80% to Rs 3,510 per quintal, with an open interest of 1,990 lots.
Most active August contract rose by Rs 42, or 1.18% to Rs 3,597 per quintal, having an open interest of 2,09,990 lots.
