Castor seed prices strengthened by Rs 32 to Rs 4,845 per quintal in futures trade Friday on accumulated of the holdings by participants, induced by strong demand in the spot markets.
Marketmen mentioned the upsurge in the castor seed futures prices to robust demand for paint, soap and lubricant industries amid tight stocks on faltered supplies from growing belts in the spot markets.
At the National Commodity and Derivatives Exchange counter, castor seed delivery for the November hardened by Rs 32 or 0.66 per cent to Rs 4,845 per quintal, having an open interest of 39,380 lots.
Also, the delivery for October sharpened by Rs 31 or 0.65 per cent to Rs 4,767 per quintal, with the business turnover of 1,39,110 open interest lots.
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