Castor Futures Likely to be Relaunched

Castor seeds futures, a leader in the segment and suspended by the National Commodity and Derivatives Exchange (NCDEX), are likely to be relaunched again.   The market regulator, the Securities and Exchange Board of India (Sebi), is considering a proposal on this and is likely to announce its decision soon.Castor-Oil-Seeds2

Multi Commodity Exchange (MCX) has also applied for castor seed futures and is awaiting Sebi’s approval.

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Castor Seed Price Weekly Report: Nov 28 – Dec 02, 2016

CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.

Check out the table and the graphical data.

The closing price in the last week was Rs. 3780. This week, there was an increase in the price of castor seed at the end of the week.

Price Date Rupees per Quintal
28 Nov 3530
29 Nov
30 Nov 3875
01 Dec 3875
02 Dec 3875

castor seed prices - nov 28 to dec 3, 2016

 

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Castor Oil and Derivative Market: Revenue Predicted to Go Up by 2021

Recent market study has shown that revenue from castor oil and derivatives market could increase in the near future. Sebacic acid and dehydrated castor oil are among the major revenue generators in the global castor oil market. Large-scale adoption of sebacic acid in plasticizers, lubricants, cosmetics is catalysing its growth in the global market.Economy

In the end user application areas, cosmetics, pharmaceuticals, surface coatings, plastics and resin industry are the largest consumers of castor oil whereas the surface coatings industry is the fastest growing end-user for the castor oil.

Asia Pacific is the largest consumer of castor oil and is expected to retain the higher growth rate during the next few years due to strong growth in surface coatings, pharmaceuticals, and cosmetics industry.

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Novel One Shot Method for Synthesis of Castor Oil Polyurethane Foam

Researchers from India prepared castor oil polyurethane from pre-polymer oftoluene diisocyanate (TDI) and castor oil with dibutyl tin dilaurate (DBTDL) catalyst. Homepagecarroussel-research1Water was used as blowing agent. The rate of forming was increased by increasing catalyst and water content. On other hand the cell size of the PU decreased with increasing amount of the catalyst and water content.

Characterization studies were performed to analyse the properties of synthesized foam.

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New Castor Oil Based Polyurethanes Reinforced With Double-Decker Silsesquioxane

Scientists from China synthesized hybrid polyurethanes with double-decker silsesquioxane (DDSQ) using castor oil and isophorone diisocyanate (IPDI) as feedstock. Double-decker octaphenyl silsesquioxanetetraol (DDSQ) was prepared and characterized castor oil polyurethaneby spectroscopy.

Results showed that with the inclusion of DDSQ, the hydrophobicity of the hybrid material was significantly improved.

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