Castor seed prices improved by Rs 15 to Rs 3,935 per quintal in futures trade today following raising of bets by speculators, driven by a firming trend at the physical markets
Marketmen said widening of holdings by participants in tune with rising prices at the spot markets due to restricted supplies and pick-up in demand from consuming paint, soap and lubricant industries, supported the upside in castor seed prices at futures trade.
At the National Commodity and Derivatives Exchange, castor seed for delivery this month was up by Rs 15 or 0.38 per cent to Rs 3,935 per quintal, with an open interest of 56,020 lots.
In a similar way, the delivery of the most-traded delivery in July went up by similar margin to Rs 3,989 per quintal, in an open interest of 59,970 lots.
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