Castor seed futures gain on spot demand

NEW DELHI, May 18: Castor seed prices went up by Rs 23 to Rs 4,024 per quintal in futures trade today as speculators created fresh positions amid a firm trend at the physical market.
At the National Commodity and Derivatives Exchange, castor seed to be delivered in June gained Rs 23, or 0.57 per cent, to Rs 4,024 per quintal, with an open interest of 97,760 lots.
Castor seed for delivery in July contracts also went up by Rs 19, or 0.47 per ,cent to Rs 4,067 per quintal with an open  interest of 18,500 lots.
Building up of fresh positions by participants on the back of a firm trend at the spot markets on increased demand from consuming industries amid halt in supplies, pushed up castor seed prices, market men said. (PTI)