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Castor seed futures edge higher on spot cues

Business Finance

Press Trust of India  |  New Delhi 

Castor seed prices increased by Rs 36 to Rs 4,230 per quintal in futures trade today after short covering by traders on upbeat physical sentiments.

Market players said pick up in industrial buying such as soap, paint and lubricant industries, sparked by tight arrivals from growing regions in spot markets mainly helped to boost trading sentiments in castor seed futures prices.

At the National Commodity and Derivative Exchange, castor seed delivery for March contracts regained Rs 36 or 0.86 per cent to Rs 4,230 per quintal, with a business turnover of 60,110 open lots.

The delivery for April contracts also revived by Rs 27, or 0.63 per cent, to Rs 4,290 per quintal, with an open interest of 9,400 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, February 21 2018. 11:45 IST