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Castor seed prices rose by Rs 126 to Rs 3,455 per quintal in futures trade today following revival of buying by traders at existing lower levels.
Marketmen said low levels buying by traders on a firming trend in spot markets amid restricted supply mainly led rise here in future prices of castorseed.
Rising demand from consuming industries like paint, lubricants and soap makers also influenced trading sentiments.
At the National Commodity and Derivatives Exchange, castorseed for November contract rose by Rs 126, or 3.78%, to Rs.3,455 per quintal in open interest of 3,050 lots.
August contract gained Rs 57, or 1.82%, to Rs 3,197 per quintal in 1,03,490 lots.
Most active September contract regained Rs.56, or 1.73% to Rs.3,292 per quintal, in an open interest of 1,11,120 lots.
