Castor seed futures rise on positive spot lead cues

Castor seed prices were up sharply by Rs 48 to Rs 4,694 per quintal in futures trade today on building up of positions by traders, taking positive leads from the physical markets.

Marketmen said fresh positions built up by participants, taking positive cues from the physical markets, where prices strengthened on thin supplies an acceleration in demand from consuming industries, attributed the rise in castor seed prices in futures trade here.

At the National Commodity and Derivatives Exchange, castor seed for delivery in October contracts spurted by Rs 48, or 1.03 percent, to Rs 4,694 per quintal, showing an open interest of 57,320 lots.

Castor seed for September delivery also rose by Rs 39, or 0.85 percent, to Rs 4,630 per quintal, with a business turnover of 1,09,600 lots.

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