Castor seed futures gain on spot demand

Castor seed registered a rise of Rs 20 to Rs 4,741 per quintal in its prices at futures trade today as operators raised their bets supported by strong industrial demand in the spot markets.Castor-Oil-Seeds-Traders

At the National Commodity and Derivative Exchange, castor seed for the November delivery contracts advanced by Rs 20 or 0.42 per cent to Rs 4,741 per quintal, in an open interest of 37,410 lots.

The most-traded delivery in October too was trading higher by Rs 17 or 0.37 per cent to Rs 4,657 per quintal, depicting an open interest of 82,770 lots.

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How Nigerian farmers can rake millions planting castor seed

Castor (Ricinus communis L.) is cultivated around the world because of the commercial importance of its oil. India is said to be the world’s largest producer of castor seed and meets most of the global demand for castor oil.castor-seeds_10421148_250x250

Nigeria imports over N30 billion worth of castor oil every year despite having arable and fertile land, and climatic conditions suitable for its farming. It is crystal clear that only very few Nigerians are taking advantage of the present opportunities in the different agriculture value chains.

Numerous opportunities abound in castor farming, as a potential farmer or investor can make up to N50 million on 10 hectares of land over a period of seven years due to its more than 1000 uses and over 80 health benefits.

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Castor seed futures drop by Rs 15 per quintal

Castor seed prices drifted down by Rs 15 to Rs 4,727 per quintal in futures trading as participants cut down their positions in line with muted demand in spot markets.castor-seeds_10421148_250x250

At the National Commodity and Derivative Exchange platform, castor seed for delivery in November contracts slipped by Rs 15 or 0.32 per cent to Rs 4,727 per quintal, with an open interest of 31,860 lots.

The most-traded delivery in October contracts also eased by Rs 13 or 0.28 per cent to Rs 4,637 per quintal, in an open interest of 86,640 lots.

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Castor seed futures recover on short covering

Castorseed prices recovered by Rs 23 to Rs 4,554 per quintal in futures trade on the back of covering-up of short positions at existing levels by speculators amid a rebound at physical markets. Castor-Oil-Seeds-Traders

At the National Commodity and Derivative Exchange, castor seed for delivery this month improved by Rs 23 or 0.51 per cent to Rs 4,554 per quintal, with an open interest of 5410 lots. 

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Ricin only lethal in combination with sugar

The plant toxin ricin is one of the most poisonous naturally occurring proteins, making it an extremely dangerous bioweapon. Scientists have been searching for an effective ricin antidote for decades. However, cytotoxins like ricin also provide important insights into the molecular characteristics of cells, such as the contact points the poison uses to enter cells. Castor-Oil-Seeds2

IMBA researchers have now discovered that sugar is a key factor. The researchers identified two genes that make ricin so lethal. Fut9 and Slc35c1 regulate metabolism of a particular sugar in cells, an essential monosaccharide called fucose.

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ÛS Launches Debut Eyewear Collection

ÛS, a collective of artists, designers, riders and makers with a shared love for the outdoors, launches their debut eyewear collection through Kickstarter. Starting with using the most eco-friendly materials available, ÛS is out to prove that a planet-first philosophy belongs at the core of every business.US eyewear

ÛS frames are made exclusively with injected-molded RILSAN® CLEAR which utilizes 65% bio-based raw materials, reducing dependence on petroleum-based plastics and overall CO2 emissions. Castor seed oil is polymerized into a high performance resin that’s incredibly lightweight, flexible, yet tough, and BPA free.

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Global Castor Oil Derivatives Market Report 2016 by Industry Size, Share & Key Drivers 2024

The global castor oil derivatives market is expected to witness a lucrative growth during the period 2016-2024. Factors such as growing demand from the end-user industries such as cosmetics, lubricants, and pharmaceuticals and the growing demand for the products that are biodegradable and sustainable, owing to the reduced petrochemicals dependence are expected to drive this growth.

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The region that dominated the castor oil derivatives market is Asia Pacific. The dominance in the global castor oil derivatives market is going to be continued in the coming years. The emerging nation, India accounted for the major production of castor oil derivatives globally. India is followed by other developing nations such as Brazil and China.

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Skin and Hair Care Line Promotes Health-consciousness

A New Jersey-based cosmetologist is promoting healthy living with her skincare awareness. NBI All Natural is a one-stop shop for all skin and hair needs.castor-oil-800067

All of NBI’s products are non-sulfate and cruelty-free. And they share one unique ingredient — Jamaican black castor oil, a multi-use oil for hair and skin.

The line features 22 unisex products, from body scrubs, to lotions, balms, lip care, to hair oils and other products.

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