Castor seed futures gain on physical cues

Castor seed prices improved by Rs 33 to Rs 4,123 per quintal in futures trading today on accumulation of position by the operators in line with strong physical demand.
Marketmen attributed uptick in castor seed futures prices to rising price in spot markets on the back of less arrivals and pick-up in demand for soap, paint and lubricant industries.
At the National Commodity and Derivatives Exchange, castor seed delivery for February hardened by Rs 33 or 0.81 percent to Rs 4,123 per quintal, with an open interest of 17,650 lots.
The delivery for the most traded March month also increased by Rs 13 or 0.31 per cent to Rs 4,190 per quintal, clocking an open interest of 60,520 lots.