Castor seed is a precious commodity as the demand in  local and  markets abroad continues to remain high.At the Rajkot Commodity Exchange, castor seed prices stood at Rs:4818 per quintal which was a gain of Rs:48 from the previous day’s close.The pricing trend was also found to be similar when the May delievery and June contracts increased by Rs:23.50 and Rs:49 to Rs:4891 and Rs:4944 per quintal respectively at the National Commodity and Derivatives Exchange.

The castor seed prices stagnate at an elevated since January 2011 but the demand never to be falling due to expansion in its industrial utilities.It is important to note that castor seed and oil have witnessed a steep volatility in the market prices in the recent past.

For reference:http://www.indiainfoline.com/Markets/News/Castor-gains/3700211053