Castor seed prices Friday strengthened by Rs 4 to Rs 5,450 per quintal in futures trade, mainly induced by strong demand in the spot markets.
Marketmen attributed the upsurge in the castor seed futures prices to robust demand for paint, soap and lubricant industries and tight stock position on faltered supplies from growing belts.
At the National Commodity and Derivatives Exchange counter, castor seed delivery for the January hardened by Rs 4 or 0.07 per cent to Rs 5,520 per quintal, having an open interest of 1,46,305
lots.
However, the delivery for February dipped by Rs 2 or 0.04 per cent to Rs 4,767 per quintal, with the business turnover of 29,865 lots.
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