Castor seed prices rose by Rs 21 to Rs 4,115 per quintal in futures trade today as speculators raised bets in tune with emerging physical markets.
Market players attributed the continuous upsurge in castor seed futures prices to a boost in demand for soap, paint and lubricant industries amid tight supplies from producing areas in spot markets.
Apart from gearing up in export demand due to falling rupee against the US dollar also helped boost trading sentiment,
they added.
At the National Commodity and Derivative Exchange, castor seed delivery for the immediate April contract extended gains by Rs 21, or 0.51 per cent, to Rs 4,115 per quintal with an open interest of 1,230 lots.
In a similar manner, the delivery of May contract edged up by Rs 17, or 0.41 per cent, to Rs 4,117 per quintal with a business of 71,850 open interest lots.
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