Category Archives: Castor Prices

Gujarat Farmers’ Urge to Ban Castor Seed Futures Trading

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images (6)Gujarat farmers have urged the commodity derivatives regulator the Forward Markets Commission (FMC) to ban futures trading in castor seed due to high volatility in the past few weeks.

Average castor seed price jumped 17.83% in October 2014 to 44,000 a tonne in Gujarat spot market, compared to 37,553 a tonne in November 2013, data compiled by the Solvent Extractors’ Association showed.

During the week to November 28, however, castor seed price declined 3.28 per cent to Rs 44,250 a tonne. Castor seed for delivery in April 2015 jumped 2.4 percent on 3rd December to trade at Rs 4,812 a quintal on the NCDEX.

Therefore, the farmers want to ban futures trading in castor seed in case excessive speculative activities are witnessed in this counter on commodity exchanges.

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Castor Seed Price Weekly Report: November 10-14, 2014

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The weekly report of castor seed price at NCDEX from CastorOil.in

There was an instability in the price of castor seed during the week. For more details, check out the table and the graphical data.

Price Date
 Rupees per Quintal
10 Nov 4697.30
11 Nov 4734.50
12 Nov 4778.80
13 Nov 4751.45
14 Nov 4732.75

Nov 10-14

 

 

 

 

 

 

 

 

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Castor Seed Price Weekly Report:November 03-07, 2014

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CastorOil.in brings you the weekly report of castor seed price at NCDEX.

A steady fall in the price of castor seed is noticed during the week. The reason for this decline may be selling pressure from bear operators.

Check out the table and the graphical data.

Price Date
 Rupees per Quintal
03 Nov 4746.15
05 Nov 4722.8
07 Nov 4707.85

 
castor seed price weekly report
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Castor Seed Price Weekly Report: October 27- 31, 2014

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The price of castor seed at NCDEX had been increasing constantly.

The castor seed was being sold at Rs. 4613 per quintal earlier in the week. At the end of the week the price shot upto Rs. 4812 per quintal.

Price Date Price  per quintal
31 Oct 2014 4812.5
30 Oct 2014 4675
29 Oct 2014 4625
28 Oct 2014 4613

castor seed price weekly report

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Castor Prices Fall Owing to Good Sowing

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Delayed monsoon and insufficient rainfall encouraged farmers to shift from other crops to castorseed. Therefore, good sowing in growing regions caused a sharp fall in the price, putting pressure at future trades.

At NCDEX, on 01 September, 2014, Castor prices were down as quoted in the table below.

 

Contract Fall

Final Price, in comparison with the previous contract

September

Contracts

Rs 77 or

1.83%

Rs 4,122

October

contracts

Rs 85 or

1.99%

Rs 4,181

December

Contracts

Rs 105 or

2.37 %

Rs 4,320

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Marginal Recovery in Future Trading on 27 Aug, 2014

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As speculators enlarged positions at existing lower levels amidst firming spot markets, a marginal recovery in the castor prices was observed on 27 August, 2014.

The table below shows the future trading prices on 27 August, 2014 at the National Commodity and Derivatives Exchange.

 

Contracts

Gain

Final price

Rs per quintal

First contract September

Rs 11 or 0.26 %

4,170

Second contracts October

Rs 12 or 0.28 %

4,241

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Castor Seed to Decline in the Near Term

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Recovery in the kharif and weak export demand of castor seeds seems to push down castor seed prices in the near future term. The solvent extractors’ association has reported a 4% decrease, in the overall export of oilmeals during July 2014, when compared with the previous year’s report.

The NCDEX Castor seed September futures decline 0.07% to close at Rs. 4213 per quintal. The decline of NCDEX futures on open interest of 0.07% seems to profit the traders.

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