Castor seed prices rose sharply by Rs 58 to Rs 5,186 per quintal in futures trade Monday due to up-tick in demand.
Marketmen said besides rising demand from consuming industries, shortage of supply at the spot markets mainly led to the rise in castor seed futures.
At the National Commodity and Derivatives Exchange, castor seed for February was trading higher by Rs 58, or 0.91 per cent, to Rs 5,186 per quintal.
Castor seed contracts for March, too, showed a similar trend, rising Rs 48, or 1.11 per cent, to Rs 5,326 per quintal with an open interest of 41,675 lots.
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