Multi Commodity Exchange of India has launched a futures contract in castor seed after receiving approval from Securities and Exchange Board of India. With this launch, MCX has added another contract to its agri-commodities products suite, in the oil and oilseeds complex.
The exchange has currently launched February, March, April and May 2017 contracts in castor seed, with 10 MT (metric tonnes) as the trading unit and Deesa (Gujarat) as the basis centre.
Scientists from Columbia performed an experiment to develop a kinetic model for high CO2 pressure carbonation of epoxidized castor oil which can be used for production of thermoset polymers and non-isocyanate polyurethanes.
Results showed that because of the polyfunctional character of the product, it could find applications as a monomer and as a synthetic building block for other bio-based chemicals.
CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.
Check out the table and the graphical data.
| Price Date | Rupees Per Quintal |
| 19 Dec | 3700 |
| 20 Dec | 3725 |
| 21 Dec | 3700 |
| 22 Dec | 3700 |
| 23 Dec | 3700 |
Castor seeds futures, a leader in the segment and suspended by the National Commodity and Derivatives Exchange (NCDEX), are likely to be relaunched again. The market regulator, the Securities and Exchange Board of India (Sebi), is considering a proposal on this and is likely to announce its decision soon.
Multi Commodity Exchange (MCX) has also applied for castor seed futures and is awaiting Sebi’s approval.
CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.
Check out the table and the graphical data.
The closing price in the last week was Rs. 3780. This week, there was an increase in the price of castor seed at the end of the week.
| Price Date | Rupees per Quintal |
| 28 Nov | 3530 |
| 29 Nov | – |
| 30 Nov | 3875 |
| 01 Dec | 3875 |
| 02 Dec | 3875 |
Recent market study has shown that revenue from castor oil and derivatives market could increase in the near future. Sebacic acid and dehydrated castor oil are among the major revenue generators in the global castor oil market. Large-scale adoption of sebacic acid in plasticizers, lubricants, cosmetics is catalysing its growth in the global market.
In the end user application areas, cosmetics, pharmaceuticals, surface coatings, plastics and resin industry are the largest consumers of castor oil whereas the surface coatings industry is the fastest growing end-user for the castor oil.
Asia Pacific is the largest consumer of castor oil and is expected to retain the higher growth rate during the next few years due to strong growth in surface coatings, pharmaceuticals, and cosmetics industry.
Researchers from India prepared castor oil polyurethane from pre-polymer oftoluene diisocyanate (TDI) and castor oil with dibutyl tin dilaurate (DBTDL) catalyst. 
Water was used as blowing agent. The rate of forming was increased by increasing catalyst and water content. On other hand the cell size of the PU decreased with increasing amount of the catalyst and water content.
Characterization studies were performed to analyse the properties of synthesized foam.
Scientists from China synthesized hybrid polyurethanes with double-decker silsesquioxane (DDSQ) using castor oil and isophorone diisocyanate (IPDI) as feedstock. Double-decker octaphenyl silsesquioxanetetraol (DDSQ) was prepared and characterized 
by spectroscopy.
Results showed that with the inclusion of DDSQ, the hydrophobicity of the hybrid material was significantly improved.
CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.
Check out the table and the graphical data.
| Price Date | Rupees Per Quintal |
| 21 Nov | 3800 |
| 22 Nov | 3815 |
| 23 Nov | – |
| 24 Nov | – |
| 25 Nov | 3780 |
The global castor oil and derivatives market is expected to reach USD 2.30 billion by 2024. The market is estimated to witness a high growth owing to increase in demand for biodegradable products and increasing trend to reduce dependence on petrochemicals are expected to foster the market growth.
Asia Pacific dominated the overall market. Growth in end-use markets such as personal care, lubricants, and pharmaceuticals is presumed to fuel the regional demand over the next eight years.