Castor seed prices were higher by Rs 20 to Rs 4,190 per quintal in futures trading today as traders indulged in enlarging holdings supported by a firm trend at the physical markets.
Market players raising of bets by speculators on the back of upbeat sentiments in spot markets on tight supplies form growing regions amid strong demand from consuming industries, mainly attributed the rise in castor seed prices in futures market here.
At the National Commodity and Derivative Exchange, castor seed to be delivered in April was trading higher by Rs 20 or 0.48 per cent to Rs 4,190 per quintal, with an open interest of 31,910 lots.
The most-traded delivery in March delivery also gained Rs 19 or 0.46 per cent to Rs 4,132 per quintal, having an open interest of 37,300 lots.
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