Castor seed futures go up on firm spot cues

Castor seed prices went up by Rs 23 to Rs 4,626 per quintal in futures trade Wednesday following widening of holdings by participants, spurred by a firming trend at the physical markets.

Marketmen said positive leads from the spot markets on pick up in demand from consuming industries, largely supported the upside in castor seed prices in futures trade as participants raised their positions.

At the National Commodity and Derivatives Exchange, castor seed delivery for delivery this month contracts rose by Rs 23 or 0.50 per cent to Rs 4,626 per quintal, clocking an open interest of 2,590 lots.

Similarly, the delivery in October month contract gained Rs 12 or 0.26 per cent at Rs 4,709 per quintal, clocking a business turnover in 1,49,030 open interest lots.