Castor Seed Price Weekly Report: February 16 – 20, 2015

CastorOil.in brings you the weekly report of castor seed price at NCDEX.

Check out the table and the graphical data.

A decrease in the price of castor seed was observed at the end of the week.

Price Date Rupees Per Quintal
16 February 3850
18 February 3803.45
19 February 3815.65
20 February 3797.5

Castor Seed Price Weekly Report: February 16 – 20, 2015

 Source

Evofuel Expands Castor Activity in Brazil with Insolo

Evogene Ltd. has signed an agreement between its wholly owned subsidiary Evofuel Ltd. and Insolo Agroindustrial S.A. for the selection and optimization of Evofuel’s propriEvogene Ltd.etary castor bean varieties in Insolo farms.

The two-year collaboration will examine the sustainability and adaptability of the growing castor varieties in the farms. The two companies will jointly evaluate the economic and agronomic benefits of castor seed varieties in this area, selecting the best varieties and developing the agronomic know-how to integrate the castor seed varieties into Insolo’s production system.

More

Castor Production Increases by 15%

Castor seed availability is expected to improve this season as the castor crop production has increased by 15%. According to the latest estimates by Solvent Extractors’ Association of India, the castorCastor Crop production is likely to increase between 1.29 million tonnes and 1.38 million tonnes.

While the area under castor has been estimated at 1.03 million hectares, the yield may improve marginally to 1,254 kg/hectare.  Castor yield in Gujarat is estimated to be 1,471 kg/hectare and the global castor seed output is estimated at 1.70 million tonnes.

Source

Castor Seed Price Weekly Report: February 9 – 13, 2015

CastorOil.in brings you the weekly report of castor seed price at NCDEX.

Check out the table and the graphical data.

A decrease in the price of castor seed was observed at the end of the week.

Price Date Rupees Per Quintal
9 February 3971.75
10 February 3938.35
11 February 3955.25
12 February 3911.35
13 February 3910

 

Castor Seed Price Weekly Report: February 9 – 13, 2015

 

Source

Global Castor Oil and Derivatives Market to Reach $1.81 Billion by 2020

Owing to the rapid growth of biodiesel, lubricants and cosmetics industries, the growth of castor oil and derivatives market is expected to reach $1.81 billion by 2020. A strong Castor oil and Castor oil derivativesshift of volatile crude oil prices towards the substitution of conventional fuels by biofuels has also a positive influence on the growth of castor oil market.

Castor wax industry is expected to reach the highest growth rate of CAGR of 5.8% from 2014 to 2020. Also, the growth of personal care industry, particularly in Asia Pacific and Latin America is expected to increase over the next 6 years.

More

Rajkot Castor Seeds Futures Open- Feb 05

Castor seed future March contract eased in the early trades due to lack of speculative buying.

Castor seed futures, in rupees per 100 kilograms, in the Rajkot market,

According to the Rajkot Commodity Exchange:

March Contract

Today’s open               3,998.00

At 1215 local time         3,991.00

Previous close             3,992.00

Source