Profit Booking Crushes Castor Seed Prices – February, 2014

Despite good demand in spot market, castor futures decreased on the back of profit booking by traders.The following are the details:

On the NCDEX, castor seed February contract declined to ₹4083 a quintal (₹ 40.8/kg or US$655/ton )

On the Rajkot Commodity Exchange castor seed March contract declined to 4,040 a quintal. (₹40.4 Kg or $650/ton)

Castor oil remained steady while spot price gained on tight supply. Castor oil remained flat at ₹810 for 10 kg (US$ 1295/ton)

As per the Bombay commodity exchange on 5th February, the price of the castor deoiled cake is 4300/ton (US$69/ton)

Source:

http://www.bce.net.in/
http://www.thehindubusinessline.com/markets/commodities/profit-booking-crushes-castor-seed/article5657285.ece
http://www.ncdex.com/MarketData/LiveFuturesQuotes.aspx

 

 

 

 

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