Castor Seed Jan may See Buying at Rs 4,310-4,360: Kotak

Commenting on the technical outlook, Dharmesh Bhatia, associate VP-Research, Kotak Commodities Services said the following:
Castor Seed January prices are trading firm and has made a contract high of Rs 4,439, next level is at Rs 4,650. Unless price closes below Rs 4,110, buying is advisable at Rs 4,310-4,360, with stop loss of Rs4,225 and target of Rs 4,610.

3 Million Acres of Castor Bean to be Developed in China, SE Asia

In Singapore, Legend Venture and Home Touch Holding have started a program to develop 3 million acres over the next five years to cultivate castor in China and unnamed southeast Asian countries.In 2011, Legend and Home Touch expect to develop 30,000 acres, as well as find investors and land. The castor oil is known for its use in lubricants, nylon, paints and soap.  While castor oil can be used in biofuels, it has yet to be economically viable in China.

More from here: http://biofuelsdigest.com/bdigest/2011/01/14/3-million-acres-of-castor-bean-to-be-developed-in-china-se-asia/