Castor seed futures up by Rs 32 per quintal

Castor seed prices rose by Rs 32 to Rs 4,671 per quintal in futures trade Tuesday after investors widened their bets amid firm trends.

Marketmen said apart from rising demand from consuming industries, short position of stocks in the spot markets mainly led to the rise in castor seed futures.

At the National Commodity and Derivatives Exchange, castor seed for October was trading higher by Rs 32, or 0.69 per cent, to Rs 4,671 per quintal, clocking an open interest of 1,41,340 lots.

Castor seed for November rose by Rs 27, or 0.57 per cent, to Rs 4,750 per quintal, having an open interest of 35,740 lots.