Castor Seed Price Weekly Report: Feb 28 – Mar 03, 2017

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 decreased throughout the week and was Rs. 3825/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
28 Feb 3865
01 Mar 3900
02 Mar 3950
03 Mar 3975

Castor Seed Price Weekly Report: Feb 28 – Mar 03, 2017

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Organic Cultivation Boosts Castor Crop Yield

New cultivation technique boosts castor crop yield in Gujarat.

Gujarat based castor farmer has used organic fertilizers for castor crop cultivation and has reaped nearly six to eight tons of crop compared to four tons by others, with minimal amount being spent. He hopes that organic cultivation will help him reap atleast 20 quintals of castor seeds by the end of the season.castor

Initially the farmer had experimented this technique with a variety of paddy and had success. Later he tried the technique with castor crop and cultivated Palem Hybrid Castor EI-111 variety after consultation with the scientists in that region and now he has succeeded.

Agriculture department officials have predicted good price for the organically cultivated castor oil in the market. Government has allotted funds exclusively for vermicompost units to enable farmers cut costs and earn profits.  These have enabled more farmers to shift to natural farming.

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New Farming Methods Attract Castor Cultivation among Farmers

Castor cultivation which had lost interest among farmers since 2012 is now attracting farmers with new farming methods and cropping patterns. Castor cultivation was at its peak during 2010-11 due to high castor seed prices at around Rs. 6200 per quintal. The crop had become the most preferred for the kharif sowing.

But during 2012, as the prices started falling, the castor cultivation decreased and since then it has been decreasing, with prices of castor seed falling to Rs. 3325 – Rs. 3400 per quintal.

To increase castor yield and attract farmers, SEA started a Castor Yield Increase Programme where around 60 farmers and scientists of Dantiwada Agricultural University joined. The main objective was to reduce the use of water, pesticides, fertilizers and cut costs while raising the yield by changing the cropping pattern.castor-seeds_10421148_250x250

The new cropping pattern has attracted farmers as the castor seed yields have doubled. The Dantiwada Agriculture University has provided GCH 7, a new hybrid variety of castor seeds, free of cost to farmers.

SEA has also planned the pilot project to five districts of Gujarat and Rajasthan by including more farmers.

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Plume Cosmetics Launches World’s First 100 Per Cent Natural, Growth-Activated Brow Pomade

Plume Cosmetics, a premium natural cosmetics company has launched a new cosmetic product with castor oil as one of the ingredients. Named Nourish & Define Brow Pomade, it is the world’s first all-natural, growth-activated coloured cosmetic product for eyebrows.PLUME-701x368

The product contains active ingredients like vitamin E, castor seed oil and coleus forskohlii root oil. Nourish & Define Brow Pomade sculpts, fills and adds texture to brows, while these active ingredients work beneath the surface to gradually enhance the brow growth over time.

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Mitsui Chemicals & SKC Polyurethanes to Set Up Facility in India

Mitsui Chemicals & SKC Polyurethanes Co. Ltd. (MCNS) a 50:50 joint venture of Japan’s Mitsui Chemicals and South Korea’s SKC will establish a polyurethane system house, castor oil polyurethaneMCNS Polyurethanes India Pvt Ltd, in Andhra Pradesh with an initial investment of $ 7.3 million (about Rs 49 crore).

The facility to be located at Nellore district will manufacture polyurethane system products and have a capacity of 13,000 tonnes per annum.

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Luxury Jersey Chooses EVO by Fulgar

After sportswear and casualwear, high end fashion textiles sector is showing interest towards sustainability. Italian’s leading producer of high quality knitted fabrics, Luxury Jersey has chosen to partner with Fulgar, for the creation of its most recent product, NAL0064 made with EVO, the innovative bio-based yarn by Fulgar.fabrics_215648

EVO, an innovative biobased yarn developed by Fulgar is made from castor oil. It is suitable for any textile application and ideal for sportswear. It is ultra-light, super stretch and extremely breathable.

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Shiny Leaf’s New Premium Castor Oil for Cosmetics Industry

Shiny Leaf, a US based cosmetics company recently launched premium castor oil as part of the company’s new line of essential oils. The new premium oil has received much attention among Amazon customers since the start of its sale online. It has also become a hit among beauty experts all over the world.images

Castor oil is an essential oil and has many applications including slowing down the signs of skin aging by providing moisture, prevent stretch marks, good hair growth, etc.

In recent years, many large companies have launched castor oil based cosmetics products, which shows that castor oil will play a major role in cosmetics industry in future.

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