Castor Declines on Higher Arrival

Castor prices reduced in spot market owing to higher arrival of the seed. However, the castor prices increased in futures owing to hope of rise in demand in the coming Castor-Oil-Seeds2days.

About 1.10 lakh bags of castor seed arrived in Gujarat, while about 4,500 bags arrived in Saurashtra. At the Rajkot Commodity Exchange, the castor June contract increased while the castor spot market decreased.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *