Castor seed and oil finally saw a drift in its market prices when castor seed bold stood at Rs:5,300 from the previous days close of Rs:5,400 per quintal.The trend was reflected in the castor oil prices as well which fell to Rs:1090 as against Rs:1110 per 10 kg.As the demand was sub-dued from soap industries and shippers, castor seed futures also declined to Rs:5070 per quintal which was about Rs:139 less from its previous close.

A control in the price of castor based commodities greatly relieves the pressure for business exchanges both India and abroad in the current day scenario as it is important to note that prices of castor seed and oil have doubled comprehensively in a brief span of six months.

For reference:http://www.business-standard.com/india/news/refined-palmolein-easepoor-demand/132063/&tp=on