Castor Seed Price Weekly Report: Jul 31 –Aug 04, 2017

CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.

Check out the table and the graphical data.

Last week, the castor seed prices increased throughout the week and ended with a high price of Rs. 4475 per quintal.

This week, there was a decrease in castor seed prices throughout the week and ended at Rs. 4425 per quintal.

Price Date Rupees Per Quintal
31 Jul 4500
01 Aug 4490
02 Aug 4475
03 Aug 4450
04 Aug 4425

Castor Seed Price Weekly Report: Jul 31 –Aug 04, 2017

Castor Seed Price Weekly Report: Jul 24 –28, 2017

CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.

Check out the table and the graphical data.

Last week, the castor seed prices decreased throughout the week and ended with a low price of Rs. 4450 per quintal.

This week, the price reached a high price of Rs. 4500/quintal towards the end of the week.

Price Date Rupees Per Quintal
24 Jul 4450
25 Jul 4440
26 Jul 4450
27 Jul 4500
28 Jul 4475

Castor Seed Price Weekly Report: Jul 24 –28, 2017

JAMPRO to Promote Jamaica-made Castor Oil in Atlanta

Following its promotions of Jamaican cosmetics in London, the Jamaica Promotions Corporation (JAMPRO) will lead a trade mission to the Bronner Brothers International Beauty Show in Atlanta, Georgia between August 19 and 21.castor-oil-800067

Eight Companies will be part of the delegation to the event, which hosts over 30,000 beauty professionals yearly who explore the newest and most exciting beauty trends and products.

Six of the companies will be focusing on the promotion of Jamaican Black Castor oil products, as JAMPRO strengthens its strategy to develop the castor oil sector. The Jamaica Manufacturers Association (JMA) will also join the mission to support the companies.

Source

Castorseed Futures Extend Gains

Castorseed remained positive in futures trade with prices rising by another Rs 15 to Rs 4,658 per quintal as participants indulged in raising their positions. Besides, strong domestic and export demand too influenced the castorseed prices.Castor-Oil-Seeds2

At the National Commodity and Derivatives Exchange, castorseed for delivery in September rose by Rs 15, or 0.32 per cent, to Rs 4,658 per quintal, clocking an open interest of 80,470 lots.

Castorseed for delivery in October also moved up by a similar margin to trade at Rs 4,738 per quintal and open interest stood at 9,840 lots.

Source

Castor Seed Futures Slide on Subdued Physical Cues

Castorseed prices dropped by Rs 49 to Rs 4,572 per quintal in futures trade today following offloading of positions by speculators in the wake of weak trend at the physical markets.castor-seeds_10421148_250x250

At the National Commodity and Derivatives Exchange, castorseed for delivery this month slipped by Rs 49, or 1.08 per cent, to Rs 4,572 per quintal, clocking an open interest of 1,810 lots.

The delivery for the most-traded September too eased by Rs 23, or 0.50 per cent, to Rs 4,662 per quintal, depicting an open interest of 75,220 lots.

Source

Castor Seed Futures Witness Highest Single Day Jump on NCDEX

Castor seed futures on National Commodities and Derivatives Exchange (NCDEX) witnessed the highest single day jump on Wednesday since March this year supported by highest ever monthly export volume of castor meal and reports of crop damage due to heavy rains in Gujarat.Castor-Oil-Seeds2

The benchmark castor seed contract on NCDEX for September delivery was up more than 3.21 % or Rs 147 today to trade at Rs. 4,727 per quintal, its highest level in four and half months.

Source

Castor Seeds Rise on Spot Demand

Castor seed prices were up further by Rs 12 to Rs 4,484 per quintal in futures trade today as participants widened their positions, buoyed by strong physical market sentiments.

At the National Commodity and Derivative Exchange, castor seed for delivery in current month contracts marked higher by another Rs 12 or 0.27 per cent to Rs 4,484 per quintal, in an open interest of 36,310 lots. Castor-Oil-Seeds-Traders

Castor seed for most-active September contracts too rose by Rs 7 or 0.15 per cent to Rs 4,558 per quintal, with the business turnover of 51,000 open lots. 
Source

Jamaica Developing Castor Oil Industry for Exports and Investments

Following the launch of its research project on opportunities for the Castor bean; and consultations with castor growers and processors last year, The Jamaica Promotions Corporation (JAMPRO) is executing a long-term strategy for the development of the castor industry for exports and investments.

The Agency will be hosting capacity building initiatives, business matchmaking opportunities, and has planned trade missions to assist local castor oil producers to enter international markets later this year.

Source

200 Model Castor Farms to be Set up in Gujarat

To raise castor productivity by working closely with farmers, Solvent Extractors Association of India (SEA), the national body of the vegetable oil industry, will establish 200 model farms for castor cultivation in five districts of Gujarat, which accounts for 80% of castor production in India.Castor-Oil-Seeds2

These model farms, on 3-4 bighas, will be developed in Banaskantha, Patan, Sabarkantha, Junagadh and Kutch.

Source

Castor Oil Producer Appeals for Government Help

A Jamaican castor oil producer has stated that the industry needs assistance from the Government if it is to capture its fair share of the fast-growing and lucrative trade that is expected to grow to over US$2 billion in another seven years.

According to the producer, who has been in castor production for the past two years, some form of mechanisation is necessary to help castor oil producers increase production.

Source