Over the past few years, there has been an increase in demand for sebacic acid particularly for applications such as textiles, cosmetics, households and others. Increasing demand for textiles has escalated the growth of sebacic acid.
China is the leading producer of sebacic acid and exports around 100,000 metric tons. Owing to this, Asia-Pacific is estimated to be the largest market for Sebacic acid followed by Europe and North America.
AMAG Pharmaceuticals has announced that it has submitted supplemental new drug application (sNDA) to the US FDA for the Makena® subcutaneous auto-injector, a drug-device combination product.
The current Makena intramuscular (IM) injection is the only FDA-approved treatment indicated to reduce the risk of preterm birth in women. Patients receiving Makena® should inform the healthcare provider whether they are allergic to hydroxyprogesterone caproate, castor oil, or any of the other ingredients in Makena.
Castor seed prices were trading higher by Rs 16 to Rs 4,738 per quintal in futures trading as participants created fresh positions amid a firm trend at the physical markets.
At the National Commodity and Derivatives Exchange, castor seed for April delivery recovered by Rs 16, or 0.34 per cent, to Rs 4,738 per quintal, with an open interest of 1,370 lots.
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. 4775/quintal at the end of the week.
This week, the market showed an initial increase and decreased at the end of the week.
| Price Date | Rupees Per Quintal |
| 03 Apr | 4825 |
| 05 Apr | 5000 |
| 06 Apr | 4875 |
| 07 Apr | 4865 |
Castor oil is one of the most multipurpose plant oils. After plant oils, castor oil is considered to be the most required oil. However, growing concerns pertaining to biofuels specially biodiesel and biopolymer across the globe is pushing castor oil to play a much larger role in the world economy.
Growth of major end-use industries (lubricants, cosmetics and pharmaceuticals) and increasing demand for sustainable products & biodegradable is anticipated to fuel the demand for castor oil derivatives market. Also regulatory support and rising prices of alternative renewable chemicals is expected to drive the global castor oil derivatives market.
However factors such as manufacturing cost is causing restraints for the castor oil derivatives market.
While commodity derivatives market regulator SEBI might have had concerns arising out of price volatility, it appears that the directive to the exchanges to impose a special cash margin of 20 per cent on the long side with effect from March 27 was issued without a clear understanding and appreciation of the current fundamentals and dynamics of the castor market.
Following high production and burdensome inventory, for four years castor seed rates generally ruled at relatively low levels, falling to as low as ₹3,100 a quintal exactly a year ago.
Castor seed growers were the worst hit by low prices. This year they responded as they usually do and in the only way they know.
Castorseed prices were higher by Rs 65 to Rs 5,125 per quintal in futures trading this week on Wednesday as participants expanded their exposure in line with a firm trend at the domestic spot markets amid positive overseas markets.
At the National Commodity and Derivative Exchange, castorseed for delivery in May was up by Rs 65 or 1.28 per cent to Rs 5,125 per quintal, with an open interest of 82,350 lots.
Demand and awareness for castor and other organic products are on the rise in Kuching, a city in Malaysia as search for more health conscious options have increased in the locality.
The observation was shared by a local pharmacy industry during a cosmetic product launch recently. There has been an increase in demand for organic products, especially essential oils and carrier oils in recent times.
SHINE pharmacy, the only retailer of castor oil in Kuching currently, expressed that castor oil has been the best selling product in the past few months.
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. 4750/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 |
| 27 Mar | 4625 |
| 30 Mar | 4750 |
| 31 Mar | 4775 |
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. 4525/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 |
| 22 Mar | 4525 |
| 23 Mar | 4525 |
| 24 Mar | 4750 |
