Castor seed futures up 0.26 per cent

Castor seed prices was up by 0.26 per cent to Rs 4,616 per quintal in futures trade today on optimistic positions created by investors amid positive cues from the physical markets.

Marketmen attributed the rise in castor seed futures prices to building up of positions by participants, driven by soaring demand at the spot markets from consuming industries such as soap, paint and lubricants along with paucity of ready stocks on pause in supplies.

At the National Commodity and Derivatives Exchange counter, castor seed, rates for most-active September improved to Rs 4,616 by rising Rs 12 or 0.26 per cent. It clocked business turnover of 94,360 open interest lots.

In a similar fashion, the delivery in far-month October was trading higher by Rs 10 or 0.21 per cent to Rs 4,676 per quintal, revealing an open interest of 72,020 lots.