Castor seed futures rise on spot demand

NEW DELHI, Apr 20: Castor seed prices rose by Rs 13 to Rs 4,133 per quintal in futures trade today on accumulated of holdings by participants thanks to emerging physical markets.
At the National Commodity and Derivatives Exchange platform, castor seed delivery for the most traded May gained by Rs 13 or 0.32 per cent to Rs 4,133 per quintal, with an open interest of 71,910 lots.
Also, the delivery of the far contract June came higher by Rs 13 or 0.31 per cent to Rs 4,177 per quintal, in an open interest of 20,590 lots.
Market players said low ready stocks on restricted supplies and better offtake by industrial units in spot markets mainly influenced castor seed futures prices. (PTI)

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