Castor seed futures rise on physical demand

Castor seed prices rose by Rs 15 to Rs 4,787 per quintal in futures trade today as speculators raised their holdings, supported by optimistic market lead.

Marketmen said participants accumulated holdings on the back of a firm physical market trend, where prices enquired higher on restricted arrivals and pick up in demand from soap, paint and lubricant industries, supported the upside.

At the National Commodity and Derivatives Exchange, castor seed for October gained by Rs 15, or 0.31 percent, to Rs 4,787 per quintal, showing an open interest of 23,690 lots.

Similarly, delivery for September moved up by Rs 10, or 0.21 percent, to Rs 4,727 per quintal, with the business turnover of 1,34,030 open interest lots.

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