Castor seed prices went up by 0.76 per cent to Rs 3,971 per quintal in futures trade today as speculators widened their bets due to firming demand at the physical markets.
Market players said a rising trend in the spot markets following restricted arrivals, triggered by rising demand from soap, paint and lubricant industries, induced traders to expand holdings in futures trade.
At the National Commodity and Derivatives Exchange, castor seed delivery for the most traded June contract improved by Rs 30, or 0.76 per cent, to Rs 3,971 per quintal, with an open interest of 70,470 lots.
The delivery of the immediate contract May also advanced by Rs 28 or 0.72 per cent to Rs 3,917 per quintal, having an open interest of 341,440 lots.
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