Castor seed prices spurted further by Rs 17 to Rs 4,020 per quintal in futures trade today on widening of holdings by speculators, boosted by upbeat physical markets.
Marketmen said widening of bets by participants on the back of a firm trend at the spot markets on restricted arrivals coupled with increased demand from consuming industries, kept castor seed prices higher for the second straight day.
At the National Commodity and Derivatives Exchange, castor seed for delivery in July contracts hardened by Rs 17, or 0.42 per cent, to Rs 4,020 per quintal with an open interest of 51,240 lots.
Castor seed for delivery in June contracts also improved by Rs 13, or 0.33 per cent, to Rs 3,968 per quintal recording a business turnover of 66,800 open lots.
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