Castor seed prices rose by Rs 9 to Rs 4,310 per quintal in futures trade today as traders accumulated fresh positions in line with a firm trend at the physical markets.
At the National Commodity and Derivative Exchange, castor seed for delivery in November was trading higher by Rs 9 or 0.21 per cent to Rs 4,310 per quintal, having an open interest of 3,760 lots.
The most-traded contract of December also inched up by a similar margin, to trade at Rs 4,383 per quintal, clocking an open interest of 82,280 lots.
Market players said, apart from building up of positions by participants, a firm trend at the spot markets on restricted supplies and strong demand in physical markets also supported the upside in castor seed prices in futures trade here.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)