Castor seed prices bolstered by Rs 38 to Rs 4,413 per quintal in futures trade as speculators went for the accumulation on the back of emerging physical markets sentiment.

Market players stated the uptick in castor seed future prices to restricted arrivals amid gearing up in demand from paint and lubricant industries in spot markets.

At The National Commodity and Derivative Exchange counter, castor seed delivery for the most traded November month contract hardened by Rs 38 or 0.87 percent to Rs 4,413 per quintal, with an open interest of 80,370 lots.

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Castor seed prices firmed up by Rs 45 to Rs 4,634 per quintal in futures trade as traders were upbeat about spot market cues.

At the National Commodity and Derivative Exchange counter, castor seed delivery for October contract rose by Rs 45, or 0.98 per cent, to Rs 4,634 per quintal, with an open interest of 48,610 lots.

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Castor seed prices drifted down by Rs 15 to Rs 4,727 per quintal in futures trading as participants cut down their positions in line with muted demand in spot markets.

At the National Commodity and Derivative Exchange platform, castor seed for delivery in November contracts slipped by Rs 15 or 0.32 per cent to Rs 4,727 per quintal, with an open interest of 31,860 lots.

The most-traded delivery in October contracts also eased by Rs 13 or 0.28 per cent to Rs 4,637 per quintal, in an open interest of 86,640 lots.

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Castorseed prices recovered by Rs 23 to Rs 4,554 per quintal in futures trade on the back of covering-up of short positions at existing levels by speculators amid a rebound at physical markets. 

At the National Commodity and Derivative Exchange, castor seed for delivery this month improved by Rs 23 or 0.51 per cent to Rs 4,554 per quintal, with an open interest of 5410 lots. 

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