Castor seed prices advanced by Rs 25 to Rs 4,389 per quintal in futures trade on Friday after speculators accumulated huge positions, tracking a firm trend at the physical markets.
Besides, pick up in export demand also supported the upside in castor seed prices. At the National Commodity and Derivative Exchange, castor seed for delivery in June month rose by Rs 25 or 0.57 per cent to Rs 4,389 per quintal, having an open interest of 7,860 lots.
The most-traded July month contracts also inched up by Rs 2 or 0.05 per cent to Rs 4,362 per quintal, having an open interest of 90,980 lots.