Castor seed futures edge higher on strong export demand

Castor seed futures edged higher on NCDEX due to speculative buying interest as well as improved domestic demand. Besides, strong export demand of meal in local mandies along with weak production estimates for the current year also influenced the commodity prices. The contract for May delivery was trading at Rs 3934.00, up by 0.41% or Rs 16.00 from its previous closing of Rs 3918.00. The open interest of the contract stood at 158670.00 lots. The contract for June delivery was trading at Rs 3992.00, up by 0.13% or Rs 5.00 from its previous closing of Rs 3987.00. The open interest of the contract stood at 58580.00 lots on NCDEX.