Castor seed futures trade up on strong export demand

Castor seed futures traded up n NCDEX on the account of strong export demand of meal in local mandis along with weak production estimates for the current year. Creation of fresh positions by traders and speculators further added to the upside of the commodity prices. The contract for June delivery was trading at Rs 3922.00, up by 0.59% or Rs 23.00 from its previous closing of Rs 3899.00. The open interest of the contract stood at 175780.00 lots. The contract for July delivery was trading at Rs 4017.00, up by 0.55% or Rs 22.00 from its previous closing of Rs 3995.00. The open interest of the contract stood at 132570.00 lots on NCDEX.