Castor seed prices rose by Rs 32 to Rs 4,489 per quintal in futures trade today as traders made fresh exposures amid firm spot market cues.
Marketmen said a decline in ready stocks due to pause in supplies from growing belts amid strengthening demand for consuming industries such as soap, paint and lubricant industries in the spot markets, enthused traders to build up their holdings, marking the uptick in castor seed futures prices.
At the National Commodity and Derivatives Exchange, castor seed delivery for the August contract hardened by Rs 32, or 0.72 per cent, to Rs 4,489 per quintal showing the business turnover in 1,32,330 open lots.
Similarly, the delivery of the September contract went up by Rs 31, or 0.69 per cent, to Rs 4,530 per quintal with an open interest of 7,470 lots.
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