Castor seed futures trade higher on restricted arrivals

Castor seed futures traded higher on NCDEX as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. Limited stocks position in the physical market too supported the rise of the prices. The contract for May delivery was trading at Rs 4120.00, up by 0.83% or Rs 34.00 from its previous closing of Rs 4086.00. The open interest of the contract stood at 111750.00 lots. The contract for June delivery was trading at Rs 4184.00, up by 0.87% or Rs 36.00 from its previous closing of Rs 4148.00. The open interest of the contract stood at 98120.00 lots on NCDEX.