Growing Castor Oil Industry

Castor oil manufacturing is similar to that of other oil seeds and hence it can be manufactured by utilizing the existing equipments that are locally available. The castor seeds contain about 48 – 50% oil by weight. After extraction, the oil can be further processed to get a number of derivatives which can be used in various industrial applications. The average seed yields range from 900 – 1000 kg/ha under irrigation.

India is the leading producer of castor seeds followed by China. Fuerst Day Lawson is pioneering in castor oil supply in Europe, with over 40 years’ experience buying directly from the producers of India, China and Brazil.C_plant

Castor oil, is not only as a lubricant, but also play a vital role in the polymer industry as it is gives polyamide-nylon 11.

The global market for generation II castor oil derivatives is estimated at about $300 million. Some of the high yielding varieties of castor oil in India are NPH-1 (Aruna), GAUCH-4 and TMVCH.

Know more from Comprehensive Castor Oil Report

Castor Seed Price Weekly Report: December 01-05, 2014

Castor seed price had been moving ahead gradually during the week in concern. Yet there was a mild deflation at the end of the week, which is quite an usual scenario.

Check out the table and the graphical data.

Price Date
Rupees per Quintal
01 Dec 4518.9
02 Dec 4572.95
03 Dec 4612.85
04 Dec 4593.75
05 Dec 4591.45

Dec 01 - 05

 

 

 

 

 

 

 

 

 

 

 

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Gujarat Farmers’ Urge to Ban Castor Seed Futures Trading

images (6)Gujarat farmers have urged the commodity derivatives regulator the Forward Markets Commission (FMC) to ban futures trading in castor seed due to high volatility in the past few weeks.

Average castor seed price jumped 17.83% in October 2014 to 44,000 a tonne in Gujarat spot market, compared to 37,553 a tonne in November 2013, data compiled by the Solvent Extractors’ Association showed.

During the week to November 28, however, castor seed price declined 3.28 per cent to Rs 44,250 a tonne. Castor seed for delivery in April 2015 jumped 2.4 percent on 3rd December to trade at Rs 4,812 a quintal on the NCDEX.

Therefore, the farmers want to ban futures trading in castor seed in case excessive speculative activities are witnessed in this counter on commodity exchanges.

Source