Consistent surge in castor seed prices

Castor seed prices in the market continue to remain high.Commodity prices stood at Rs:5140 per quintal with an increase of Rs:48 for the future trading in June.NCDEX prices rates for April futures of castor seed also showed a surge with percentage rise of 0.94%.Low arrival of castor seed and an increased demand for oil from abroad make the prices to stay high atleast for the near future.Experts warn of advanced procurements so as to ensure a smooth productive run in castor oil based manufacturing units.

For reading: http://www.business-standard.com/india/news/castorseed-futures-recovershort-covering/130790/&tp=on

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