Delayed monsoon and insufficient rainfall encouraged farmers to shift from other crops to castorseed. Therefore, good sowing in growing regions caused a sharp fall in the price, putting pressure at future trades.
At NCDEX, on 01 September, 2014, Castor prices were down as quoted in the table below.
| Contract | Fall |
Final Price, in comparison with the previous contract |
|
September Contracts |
Rs 77 or 1.83% |
Rs 4,122 |
|
October contracts |
Rs 85 or 1.99% |
Rs 4,181 |
|
December Contracts |
Rs 105 or 2.37 % |
Rs 4,320 |
please let me know more about castor oil.