Minister Commits Land for Baptist Union Castor Oil Project

Jamaican Minister has given a commitment to assist Jamaica Baptist Union (JBU) with lands for its castor bean project.

Currently a property under the Sugar Company of Jamaica (SCJ) Holdings Limited has been made available for use in the project.castor-seeds_10421148_250x250

During phase one of the project, 1,000 acres of beans will be farmed and harvested over two 21/2-year cycles. In phase two, the harvested beans will be processed to produce castor oil.

The Jamaican castor oil has the potential to earn between US$80 million and US$100 million on the US market.

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Lower Output Pushes Castor Prices Up 21% This Month

Prices of castor seed continue to increase due to lower production and expectation of good export demand for castor oil and meal in the coming months.Castor-Oil-Seeds2

Seed prices have already reached a two-year at NCDEX and physical markets. In the physical markets, seed prices have already risen 21.3 per cent during March itself.

Currently, about 90,000-100,000 bags (each 60 kg) of seed are coming to the markets, mainly in Gujarat and the price of the commodity is Rs 4,830 a quintal.

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Positive Outlook for Castor Seed

Castor seed futures on NCDEX ended high during the end of last week. Most active April contracts rallied higher to end the week at Rs. 4561 per quintal as against the previous week’s closing of Rs. 4280 per quintal.castoroil-seed

A fall in supply across major markets and rise in demand from domestic traders led to a rally in prices. Domestic crushers increased the purchase in anticipation of rise in export demand for castor oil and castor meal.

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Origine by Diam Launched across Europe

Closure Company Diam Bouchage has unveiled a sustainable version of its Diam closure range in Europe. Named Origine, the technology uses food grade castor oil as the binding agent with microspheres produced from beeswax. The new Origine technology will be used to produce standard corks.diam

This new technology has been designed for producers looking for an option of higher OTR and those looking for sustainable options.

The new technology offers higher oxygen permeability, while providing the same structural guarantee when compared to the other products in the same range.

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Castor Seed Price Weekly Report: Mar 14 – Mar 18, 2017

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

Check out the table and the graphical data.

Last week, the prices of castor seeds increased throughout the week and was Rs. 4135/quintal at the end of the week.

This week, the market started with a high price and increased throughout the week.

Price Date Rupees Per Quintal
14 Mar 4135
15 Mar 4175
16 Mar 4210
18 Mar 4525

castor seed prices - 14 - 18 mar, 17

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Castor Seed Price Weekly Report: Mar 06 – Mar 10, 2017

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

Check out the table and the graphical data.

Last week, the prices of castor seeds increased throughout the week and was Rs. 3975/quintal at the end of the week.

This week, the market started with a high price and increased throughout the week.

Price Date Rupees Per Quintal
06 Mar 4090
08 Mar 4120
09 Mar 4100
10 Mar 4135

castor seed price weekly report - mar 6 - 10, 17

 

Castorseed Futures Surge by Rs 57 Per Quintal

Castor seed prices flared up by Rupees 57 to Rs. 4337 per quintal in futures trading at the beginning of this week. This was due to the participants, creating huge positions, tracking a firm trend at the spot markets on strong demand. castoroil-seed

At the National Commodity and Derivative Exchange, castorseed for delivery in April climbed Rs 57 or 1.33 per cent to Rs 4,337 per quintal, with an open interest of 1,00,740 lots.

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Natural Riches’ Pure Cold Pressed Castor Oil gets USDA Certification

Natural Riches’ pure cold pressed castor oil has received USDA certification for eyelashes growth serum. The product is hexane free, boosts the length and thickness of eyelashes and eyebrows.castor-oil-800067

Castor oil is loaded with vitamin E, minerals and proteins and has powerful antibacterial and antifungal properties. Furthermore, it is rich in omega 9 fatty acids, which are essential for proper hair and follicle nourishment and can stimulate hair growth and re-growth. Also, it has the ability to thicken the eyelashes and eyebrows.

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Castor Seed Price Weekly Report: Feb 28 – Mar 03, 2017

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

Check out the table and the graphical data.

Last week, the prices of castor seeds decreased throughout the week and was Rs. 3825/quintal at the end of the week.

This week, the market started with a high price and increased throughout the week.

Price Date Rupees Per Quintal
28 Feb 3865
01 Mar 3900
02 Mar 3950
03 Mar 3975

Castor Seed Price Weekly Report: Feb 28 – Mar 03, 2017

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Organic Cultivation Boosts Castor Crop Yield

New cultivation technique boosts castor crop yield in Gujarat.

Gujarat based castor farmer has used organic fertilizers for castor crop cultivation and has reaped nearly six to eight tons of crop compared to four tons by others, with minimal amount being spent. He hopes that organic cultivation will help him reap atleast 20 quintals of castor seeds by the end of the season.castor

Initially the farmer had experimented this technique with a variety of paddy and had success. Later he tried the technique with castor crop and cultivated Palem Hybrid Castor EI-111 variety after consultation with the scientists in that region and now he has succeeded.

Agriculture department officials have predicted good price for the organically cultivated castor oil in the market. Government has allotted funds exclusively for vermicompost units to enable farmers cut costs and earn profits.  These have enabled more farmers to shift to natural farming.

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