Castor seed prices firmed up further by Rs 32 to Rs 4,009 per quintal in futures trade today as traders went for long positions, driven by positive physical markets sentiment.
Market players attributed the rise in castor seed futures prices to optimistic buying by investors backed up by robust demand for soap, paint and lubricant industries amid tight stocks position at the spot markets.
At the National Commodity and Derivatives Exchange, castor seed delivery for May hardened further by Rs 32 or 0.80 per cent to Rs 4,009 per quintal, clocking an open interest of 22,020 lots.
Similarly, the delivery for June spurted by Rs 28 or 0.69 per cent to Rs 4,065 per quintal, with a business turnover of 79,480 lots.
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