Castorseed futures up on physical cues

Castorseed prices enquired higher by Rs 13 to Rs 4,330 per quintal in futures trade today following widening of positions by operators in line with emerging physical markets.
Market players attributed the rise in castorseed prices to thin arrivals from growing regions amid better offtake by paint and lubricant industries in spot markets.
At the National Commodity and Derivatives Exchange, castorseed delivery for the immediate contract of July gained by Rs 13, or 0.30 per cent, to Rs 4,330 per quintal, with a business turnover of 43,060 open lots.
Most active second contract of August also advanced by Rs 10, or 0.23 per cent, to Rs 4,400 per quintal, revealing an open interest of 63,590 lots.