Castor seed futures edged higher on NCDEX following heavy buying by traders and exporters against decline in supply. Further, expectation of lower production and strong export demand also influenced the castor seed prices.
The contract for May delivery was trading at Rs 3903.00, up by 0.23% or Rs 9.00 from its previous closing of Rs 3894.00. The open interest of the contract stood at 5750.00 lots.
The contract for June delivery was trading at Rs 3957.00, up by 0.43% or Rs 17.00 from its previous closing of Rs 3940.00. The open interest of the contract stood at 179850.00 lots on NCDEX.
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