CastorOil.in brings you the weekly report of castor seed price at NCDEX.
Check out the table and the graphical data.
A decrease in the price of castor seed was observed at the end of the week.
| Price Date | Rupees Per Quintal |
| 16 February | 3850 |
| 18 February | 3803.45 |
| 19 February | 3815.65 |
| 20 February | 3797.5 |
CastorOil.in brings you the weekly report of castor seed price at NCDEX.
Check out the table and the graphical data.
A decrease in the price of castor seed was observed at the end of the week.
| Price Date | Rupees Per Quintal |
| 9 February | 3971.75 |
| 10 February | 3938.35 |
| 11 February | 3955.25 |
| 12 February | 3911.35 |
| 13 February | 3910 |
CastorOil.in brings you the weekly report of castor seed price at NCDEX.
Check out the table and the graphical data.
| Price Date | Rupees Per Quintal |
| 2 February | 4171.6 |
| 4 February | 4099.5 |
| 5 February | 4089.05 |
| 6 February | 4075 |
Castor seed future March contract eased in the early trades due to lack of speculative buying.
Castor seed futures, in rupees per 100 kilograms, in the Rajkot market,
According to the Rajkot Commodity Exchange:
March Contract
Today’s open 3,998.00
At 1215 local time 3,991.00
Previous close 3,992.00
CastorOil.in brings you the weekly report of castor seed price at NCDEX.
Check out the table and the graphical data.
| Price Date | Rupees Per Quintal |
| 27 January | 4094.85 |
| 29 January | 4050 |
| 30 January | 4105.35 |
CastorOil.in brings you the weekly report of castor seed price at NCDEX.
A steady decrease in the price of castor seed is noticed this week.
Check out the table and the graphical data.
| Price Date | Rupees Per Quintal |
| 19 January | 4493.5 |
| 20 January | 4413.6 |
| 21 January | 4274.65 |
| 22 January | 4255.15 |
| 23 January | 4197.7 |
It is well known that India is the world’s largest producer of castor seed.
This blog post provides brief details of the castor seed production status for India and other main castor producing countries.
Castor Seed Producers
Castor Seed Exporters
In the global sector, 85% of castor seed comes from India (which includes 76% from Gujarat, 13% from Andhra Pradesh, 9% from Rajasthan and 3% from other states), 7% from China and 2% from Brazil.
The following table provides an outline of production rates of castor seed by different countries over the period 2011-2014.
| Country | 2011-12(million tons) | 2012-13(million tons) | % of total in ‘11-12 and ‘12-13 |
| India | 1.57 | 1.14 | 79% & 76% |
| China | 0.18 | 0.18 | 9% & 12% |
| Brazil | 0.14 | 0.08 | 7% & 5% |
| Rest | 0.12 | 0.10 | 6% & 7% |
Castor Oil & Derivatives Global Trading
Castor Oil Importers
Main importers of castor oil and basic derivatives are
Main importers of castor cake are South Korea, Japan, Vietnam, Iran, and Thailand. A large percentage of imports of oil and cake are from India.
Within India, the leading country for castor seeds and castor oil, the logistics and distribution for both seeds and oil follow some specific patterns.
This blog post provides more details on this aspect of the castor industry.
Distribution of castor seeds in India follows a particular process.
The process mentioned below is representative of a typical distribution of castor seeds in India.
The supply chain thus looks as follows:
Pricewise, if X (Rs) is the price per Kg when it is auctioned, the price at which the crusher receives it is about 1.05 X (a 5% increase). This increase results by way of commissions to traders and brokers and for transport costs to the crushing unit.
Castor seed price had been moving ahead gradually during the week in concern. Yet there was a mild deflation at the end of the week, which is quite an usual scenario.
Check out the table and the graphical data.
| Price Date |
Rupees per Quintal |
| 01 Dec | 4518.9 |
| 02 Dec | 4572.95 |
| 03 Dec | 4612.85 |
| 04 Dec | 4593.75 |
| 05 Dec | 4591.45 |
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.