Prepare contingency plan for castor crop: IIOR

Castor (Ricinus communis, L.) occupies an important place in the country’s vegetable oil economy. During recent years, castor has emerged as a commercial crop with immense export potential earning valuable foreign exchange. It ideally suits dryland farming in kharif and with limited irrigations in post-monsoon both in traditional and non-traditional areas.castor-seeds_10421148_250x250

Castor is produced under two contrasting environments in the country viz., irrigated intensive cultivation with high productivity in Gujarat and Rajasthan; and rainfed culture coupled with poor management with very low productivity in Andhra Pradesh, Karnataka, Tamil Nadu, Orissa, etc.

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Castor seed futures rise on upbeat spot sentiment

Castor seed prices bolstered by Rs 38 to Rs 4,413 per quintal in futures trade as speculators went for the accumulation on the back of emerging physical markets sentiment.Castor-Oil-Seeds2

Market players stated the uptick in castor seed future prices to restricted arrivals amid gearing up in demand from paint and lubricant industries in spot markets.

At The National Commodity and Derivative Exchange counter, castor seed delivery for the most traded November month contract hardened by Rs 38 or 0.87 percent to Rs 4,413 per quintal, with an open interest of 80,370 lots.

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Castor Seed Futures Gain, Helped by Spot Cues

Castor seed prices firmed up by Rs 45 to Rs 4,634 per quintal in futures trade as traders were upbeat about spot market cues.castor-seeds_10421148_250x250

At the National Commodity and Derivative Exchange counter, castor seed delivery for October contract rose by Rs 45, or 0.98 per cent, to Rs 4,634 per quintal, with an open interest of 48,610 lots.

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Castor seed futures drop by Rs 15 per quintal

Castor seed prices drifted down by Rs 15 to Rs 4,727 per quintal in futures trading as participants cut down their positions in line with muted demand in spot markets.castor-seeds_10421148_250x250

At the National Commodity and Derivative Exchange platform, castor seed for delivery in November contracts slipped by Rs 15 or 0.32 per cent to Rs 4,727 per quintal, with an open interest of 31,860 lots.

The most-traded delivery in October contracts also eased by Rs 13 or 0.28 per cent to Rs 4,637 per quintal, in an open interest of 86,640 lots.

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Castor seed futures recover on short covering

Castorseed prices recovered by Rs 23 to Rs 4,554 per quintal in futures trade on the back of covering-up of short positions at existing levels by speculators amid a rebound at physical markets. Castor-Oil-Seeds-Traders

At the National Commodity and Derivative Exchange, castor seed for delivery this month improved by Rs 23 or 0.51 per cent to Rs 4,554 per quintal, with an open interest of 5410 lots. 

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Castor Seed Futures Weaken on Low Spot Demand

Castor seed prices edged lower by Rs 9 to Rs 4,814 per quintal in futures trade as traders indulged in slashing exposure largely in line with weak physical markets.castor-seeds_10421148_250x250

At the National Commodity and Derivative Exchange, castor seed for most-active October month contract was trading lower by Rs 9 or 0.19 per cent to Rs 4,814 per quintal, clocking a business turnover of 99,570 open lots.

The November contract also dropped by Rs 7 or 0.14 per cent to Rs 4,909 per quintal, revealing an open interest of 16,470 lots.

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Castor Seed Price Weekly Report: Jul 31 –Aug 04, 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 castor seed prices increased throughout the week and ended with a high price of Rs. 4475 per quintal.

This week, there was a decrease in castor seed prices throughout the week and ended at Rs. 4425 per quintal.

Price Date Rupees Per Quintal
31 Jul 4500
01 Aug 4490
02 Aug 4475
03 Aug 4450
04 Aug 4425

Castor Seed Price Weekly Report: Jul 31 –Aug 04, 2017

Castor Seed Price Weekly Report: Jul 24 –28, 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 castor seed prices decreased throughout the week and ended with a low price of Rs. 4450 per quintal.

This week, the price reached a high price of Rs. 4500/quintal towards the end of the week.

Price Date Rupees Per Quintal
24 Jul 4450
25 Jul 4440
26 Jul 4450
27 Jul 4500
28 Jul 4475

Castor Seed Price Weekly Report: Jul 24 –28, 2017

Castorseed Futures Extend Gains

Castorseed remained positive in futures trade with prices rising by another Rs 15 to Rs 4,658 per quintal as participants indulged in raising their positions. Besides, strong domestic and export demand too influenced the castorseed prices.Castor-Oil-Seeds2

At the National Commodity and Derivatives Exchange, castorseed for delivery in September rose by Rs 15, or 0.32 per cent, to Rs 4,658 per quintal, clocking an open interest of 80,470 lots.

Castorseed for delivery in October also moved up by a similar margin to trade at Rs 4,738 per quintal and open interest stood at 9,840 lots.

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