The price trend of castor seed finally saw a dip when the castor seed March contract fell to US$ 114.695 from the previous close of US$ 117.595 per unit quintal in profit booking at the Rajkot Commodity Exchange. A reduction in spot castor prices has also been witnessed at RCX when the day ended at US$ 115.662 from yesterday’s close of 125.822US$.The castor seed pricing showed a similar suppression in NCDEX as well when the prices fell down to US$120.715 and 115.684 for the February and March contracts respectively.
We use castor oil in the manufacturing of sexual stimulants and one of the most difficult part of it is the fluctuating price of castoroil.