Castor Seed Futures Up by Rs 25 per Quintal

Castor seed prices advanced by Rs 25 to Rs 4,389 per quintal in futures trade on Friday after speculators accumulated huge positions, tracking a firm trend at the physical markets.castor-seeds_10421148_250x250

Besides, pick up in export demand also supported the upside in castor seed prices. At the National Commodity and Derivative Exchange, castor seed for delivery in June month rose by Rs 25 or 0.57 per cent to Rs 4,389 per quintal, having an open interest of 7,860 lots.

The most-traded July month contracts also inched up by Rs 2 or 0.05 per cent to Rs 4,362 per quintal, having an open interest of 90,980 lots.

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Castor Oil Exports at 13 Months High in April

Castor seed’s market under pressure may get some support from the increased export of castor oil from the country as the export has been recorded at the upper level of about 13 months during April.

According to the SEA officials, during April, 55, 557 tonnes of castor oil has been exported from the country, which is the highest monthly export since March 2016.

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Castor Oil Good for Hair and Tumors

Castor oil is one of the most commonly used oils that can improve the physical condition of the body, gives strength and beauty.

Here are some of the major uses of castor oil which everyone should know.castor-oil-800067

  • Massaging arthritic joints with castor oil diminishes inflammation and pain.
  • It is helpful in treating baldness. Prevents hair loss and stimulates hair growth.
  • By putting a castor oil compress on a tumor, its development can be reduced and also prevents appearance of more tumors.

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Arkema Celebrates 70th Anniversary of Bio-based Nylon

Arkema group celebrated 70th anniversary of its flagship product Rilsan nylon 11 series of high performance polymers. Rilsan PA 11 is sourced from castor oil and is a bio-based member of the nylon family.Logotype_arkema

Nylon 11 made its market debut under the brand name Rilsan in 1949 and was taken up by automaker Citroën in 1950s as new plastic for fuel lines. Arkema produces the material at its sites in Serquigny, France, Birdsboro, Pa.,  and  Zhengjiagang, China.

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Castor Oil Could Be the Secret to Thicker Brows and Longer Lashes

Oils have played an essential role in many women’s beauty regimes. Castor oil is one among them and the most overlooked. The main benefit of castor oil is the stimulation and promotion of hair growth and has become the main ingredient for luscious eye lashes.

Here are some key beauty benefits of castor oil:

  • When applied in scalp, fatty acids in castor oil can penetrate hair follicles and moisturise deep into the scalp, preventing flaking skin.
  • The ricinoleic acid and omega 6 present in the oil are great for hair growth and promote circulation. Applying castor oil in eyelashes and eyebrows can make them grow thicker.
  • Help repair spots and scars due to anti-inflammatory properties of the oil.

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Castor Oil Derivatives Market Forecast To Dominate Worldwide By 2025

Global castor oil derivatives market is expected to register a double digit CAGR during the period 2015-2025. Growing concerns pertaining to biofuels specially biopolymers and biodiesel is driving the castor oil industry across the globe.sağlıklı-saçlar-için-hint-yağı-250x300

Growth of major end use industries such as lubricants, cosmetics and pharmaceuticals and increasing demand for sustainable products is expected to fuel the demand for castor oil derivatives.

Asia-Pacific is expected to continue its dominance on the global castor oil derivatives market.

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Castor Seed Futures Gain on Strong Demand

Castor seed prices improved by Rs 41 to Rs 4,264 per quintal in futures trading following widening of positions by the speculators in line with robust spot and export demand.Castor-Oil-Seeds-Traders

At the National Commodity and Derivatives Exchange counter, castor seed delivery for immediate contract June moved up by Rs 41 or 0.97 per cent to Rs 4,264 per quintal, in an open interest of 28,540 lots.

Most active second contract July delivery also edged higher by Rs 35 or 0.81 per cent to Rs 4,344 per quintal, with an open interest of 95,050 lots.

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