The speculative buying has rescued the castor seed future September contract from its early loss.
Castor seed ready price- Rs.4, 000 per quintal
Previous close- Rs.4, 012.50 per quintal
Castor seed futures per 100 Kilograms in Rajkot market, September contract
Open 4, 205
High 4, 224
Low 4, 161
Close 4, 216
Source: Reuters
Castor seed future September contract were down due to selling pressure from bear operators. However, fresh demand and some inquiries in castor oil improved the spot prices.
Castor seeds ready price quoted at Rs. 4, 012 per quintal.
Castor seed futures per 100 Kilograms in Rajkot market, September contract
Open 4, 291
High 4, 307
Low 4, 199
Close 4, 216
The price improved at the start of the day, but did not sustain due to profit bookings. Hence the castor seed September contract declined by Rs. 4, 216.
At Gujarat and Saurashtra, the prices improved from Rs. 800- 810 and Rs. 775- 785 for 20kg.
Source: Reuters, The Hindu- Business Line
Castor seed
Rs. 712- 739 for 20kg
Opening Rajkot Plant Delivery prices
Castor oil commercial
Rs. 775 per 10kg
Castor oil BSS
Rs. 785 per 10kg
Source: Reuters
Castor seed
Rs. 720- 785 for 20kg
Opening Rajkot Plant Delivery prices
Castor oil commercial
Rs. 825 per 10kg
Castor oil BSS
Rs. 835 per 10kg
Source: Reuters
Castor seed
Rs. 725- 789 for 20kg
Opening Rajkot Plant Delivery prices
Castor oil commercial
Rs. 835 per 10kg
Castor oil BSS
Rs. 845 per 10kg
Source: Reuters
Castor seed deliveries were not available on Saturday
At Nagpur, opening price of castor oil:
Rs. 1, 400 for 15kg (previous close Rs. 1, 400)
Source: Reuters
Castorseed prices improved by Rs 37 to Rs 4,281 per quintal in futures trading on 30th April following low levels buying at prevailing lower levels.
Marketmen said fresh buying support after yesterday’s sell-off, mainly brought the prices in green zone.
At the National Commodity and Derivatives Exchange, castorseed prices for July contract rose by Rs 37, or 0.87 per cent, to Rs 4,281 per quintal, with an open interest of 78,120 lots.
Near-June contract advanced by Rs 34, or 0.82 per cent, to Rs 4,182 per quintal with an open interest of 96,930 lots.
Most active May contract also improved by Rs 33, or 0.81 per cent, to Rs 4,119 per quintal, showing an open interest of 1,13,680 lots.
With arrival of castorseed in spot market topping over one lakh bags, the price of the oilseed plummeted in spot and futures markets.
According to traders, demand was very limited and price may go down further. Export demand was also weak in castor oil. On the Rajkot Commodity Exchange, castor June contracts were down by ₹119 at ₹3,992 a quintal. RCX spot castor decreased by ₹85 to ₹3,825. Castor oil was down by ₹15 to ₹800/10 kg. About 98,000-1 lakh bags of castor seed arrived in Gujarat for ₹750-760. Similarly, around 7,800-8,000 bags arrived in Saurashtra at ₹750-760 for a maund of 20 kg.
Castorseed prices slipped by Rs 44 to Rs 4,113 per quintal in futures trade on the back of fall in overseas and domestic demand against rising stocks position.
Marketmen said increased selling by traders on existing higher levels mainly led the fall in prices.
Improvement in supply as well as selling on higher levels mainly created increased stocks position in the spotmarkets and pulled down the prices of castor seed.
Source: http://articles.economictimes.indiatimes.com/2014-04-07/news/48939470_1_castorseed-may-contract-dips
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Castorseed prices fell by 0.85 per cent to Rs 4,180 per quintal in future trade on the back of weak spot as well as overseas markets sentiment.
Marketmen said traders preferred to book profits on a weak spot market and overseas trend that mainly pulled down the prices in futures trading.
At the National Commodity and Derivatives Exchange, castorseed for March contract declined by Rs 36, or 0.85 per cent to Rs 4,180 per quintal, with an open interest of 1,66,850 lots.