Castor Contract Volumes Jump at RCX Post Suspension by NCDEX

With castor contracts being suspended by NCDEX from January 27, daily volumesCastor-Oil-Seeds2 of the commodity have moved up sharply on the regional Rajkot Commodity Exchange. The volumes have increased from 920 tonnes to 5310 tonnes in two weeks.

There are 101 registered members in RCX but only 12 are active. Activity of non-members has increased in recent times which also reflects on the increased volumes.


SEA Estimates Castor Seed Production to Rise By 10% at 1.39 Million Tonnes

Solvent Extractors’ Association of India has estimated castor seed production to rise by 10% at 1.39 million tonnes for the year 2015-16. In 2014-15, the castor seed SEAproduction stood at 1.27 million tonnes.

As per the latest SEA report, sowing of castor seed crop increased to 1.13 million hectares this year, as against 1.10 million hectares last year. It is expected that castor seed production in Gujarat will increase by 8% to 1.15 million tonnes as against 1.06 million tonnes last year.


NCDEX to Help Castor Seed Traders Sell on its E-spot Exchange

National Commodity and derivatives Exchange has planned to assist castor seed traders in liquidating their stock through its e- spot market arm, NCDEX eMarkets Ltd. Castor-Oil-Seeds2(NeML).

Through NeML castor seed traders can liquidate their entire holding in a phased manner instead of carrying the entire quantity and go the physical market for selling. Selling through a spot exchange might yield better realization than transporting entire quantity to physical markets on one occasion.


Castor Seed Price Weekly Report: Jan 18 – 22, 2016 brings you the weekly report of castor seed price at NCDEX.

Check out the table and the graphical data.

The closing price for last week was Rs. 3486.35/quintal. This week, a decrease in price of castor seed was observed throughout the week.

In general, a decrease in the price of castor seed was observed at the end of the week compared to previous week.

Price Date Rupees Per Quintal
18 Jan 3526.5
19 Jan 3520.6
20 Jan 3481.25
21 Jan 3445
22 Jan 3450

Castor Seed Price Weekly Report: Jan 18 – 22, 2016


Castor Seed Price Weekly Report: Jan 11 – 15, 2016 brings you the weekly report of castor seed price at NCDEX.

Check out the table and the graphical data.

The closing price for last week was Rs. 3651.9/quintal. This week, a decrease in price of castor seed was observed throughout the week.

In general, a decrease in the price of castor seed was observed compared to previous week.

Price Date Rupees Per Quintal
11 Jan 3630.6
13 Jan 3490
15 Jan 3486.35

Castor Seed Price Weekly Report: Jan 11 – 15, 2016


New Source of Biodiesel with Less Viscosity from Castor Oil

Recent study has found a new source of biodiesel from castor oil which has less viscosity than the original castor oil.

Castor oil cannot be used as such for biodiesel production due to its castor oilhigh viscosity.  Hence scientists from Singapore have found an alternative method to produce low viscosity biodiesel from castor oil.

By chemical modification of ricinolein in castor oil and methyl Ricinoleate, new products called ketone-containing glycerides were obtained. These ketone containing triglycerides were used for the production of biodiesel.

The biodiesel obtained by this method was found to have low viscosity.

Thus, vehicles can now run with a fuel which has less viscosity.


Global Castor Conference 2016

The Solvent Extractors’ Association of India is organizing the 14th International Conference on Castor – Global Castor Conference 2016 which is to be held on 12th – 13th February 2016 at Hotel Courtyard by Marriott, Ahmedabad, Gujarat.

The main aim of this conference is to focus on the issues present in castor industry castor oiland find suitable solutions via interactions with eminent speakers and panel members from India and abroad.

Latest status of Indian as well as global castor scenario and castor oil price outlook – 2016 will be discussed.

The conference will offer an excellent opportunity to interact with members from various segments in castor oil industry from India and abroad viz.

  • Importers and Exporters of Castor Oil& its Derivatives / Castor Meal
  • Castor Oil Traders & Brokers
  • Players in Futures Trading and Officials from Commodity Exchanges
  • Service Providers: Surveyors, Shipping Agents, Port Authorities & Tank Farm Owners
  • Castor Oil Users: Paint, Lubricant, Resins Manufacturers Agriculture Scientists, Consultants & Govt. Officials
  • Auxiliary Industries viz: Machinery Manufacturers& Consultants etc.


9.00 to 9.45 AM Registration & Tea
9.45 to 10.45 AM Inaugural Session
10.45 to 11.15 AM TEA
11.15 to 1.00 PM Global Castor Consumption Outlook And Emerging Trend
1.00 to 2.00 PM LUNCH
2.00 to 3.15 PM Indian Castor Seed & Oil Scenario & Expectation
3.15 to 3.35 PM Indian Castor Crop Survey : 2015 (Presentation)
3.35 to 4.15 PM Castor Oil Price Forecast – Chartist’s View
4.15 to 5.25 PM Castor Oil Price Outlook 2016 – Panel Discussion
5.25 to 5.30 PM Concluding Remarks & Vote of Thanks team will be present at the conference and we will update the news and highlights of the proceedings.

New Antibacterial Castor Oil Derivative – from Ricinoleic Acid

Here’s an interesting derivative possibility of an antibacterial product from ricinoleic acid, a derivative of castor oil.

Contamination is a big issue in any environment. It affects each and every stage in all the processes we do from manufacturing a product to its maintenance (shelf life). To control contamination, a suitable compound with a high antibacterial activity is to be added in an ongoing process.

A well-known example of compounds with antibacterial activity are naturally occurring phenolic compounds.

Now scientists from India have developed 7 novel ricinoleic acid ricinoleic acidglycosides having antibacterial activity using Koenigs–Knorr glycosylation reaction. On the whole, 28 ricinoleic acid glycosides were developed and their antibacterial activities were analysed. Seven of them were found to show promising wide spectrum antibacterial activity against gram positive bacteria.

Among the 7 compounds, two compounds namely mannopyranosyl- and the arabinofuranosyl derivatives were found to be effective against various non-clinical/clinical, overexpressed/resistant strains of Staphylococcus aureus and other gram positive bacteria such as Bacillus subtilis and Micrococcus luteus. It was found that the presence of sugar and its structure and the methyl ester protection of the carboxylic moiety of ricinoleic acid are responsible for these compounds to be bioactive.

Now industries looking for other potential compounds with antibacterial activity could go for these ricinoleic acid glycosides.

Wish to know more about Ricinoleic Acid – see here. Or other castor derivatives – see here.


New Enhanced Neuroprotective Properties of Undecylenic Acid

Here is an interesting article on the enhanced neuroprotective effects of undecylenic acid.

Undecylenic acid, a synthetic unsaturated fatty acid obtained from castor oil is a well-known potent antifungal agent. In 2012, scientists from Korea found that undecylenic acid has the ability to inhibit µ-Calpain activity, a factor responsible for neurological disorders like Alzheimer’s disease.  This showed the neuroprotective effects of Undecylenic acidundecylenic acid.

Now scientists from Poland have done an experiment to improve the efficiency of neuroprotective effects of undecylenic acid by targeting it using polyelectrolyte coated nanocapsules. Core shell nanocapsules were prepared using nanoemulsification and the layer by layer technique. The average size of nanocapsules was around 80nm and the concentration was 2.5×1010 particles/ml. The nanocapsules were coated with either polycation or polyanion layers.

Biocompatibility of the synthesized nanocarriers was evaluated in SH-SY5Y human neuroblastoma cell line using cell viability/toxicity assays.

Results showed that nanocapsules coated with PLL and PGA were non-toxic to the human neuroblastoma cell line, thereby showing its potential to be used as a carrier of undecylenic acid.  Further research showed that nanoencapsulated form of undecylenic acid was biocompatible and more effective against staurosporine-induced damage in lower concentrations than those of the same drug added directly to the culture medium.

This shows that undecylenic acid could be more effective in nanoencapsulated form against neurological disorders.

Wish to know more about undecylenic acid – see here