Category Archives: Castor seeds

Rajkot Castor Seed Future September Contract on July 23, 2014

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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

Profit booking crushes castor

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Castor futures declined on profit booking by traders though spot prices gained marginally on stockists’ demand. Traders said that castor futures market is in an unstable condition due to huge speculations. On the NCDEX, castor June contract was down ₹46 to ₹3,899. On the Rajkot Commodity Exchange, castor June decreased ₹50 to ₹3,899 per quintal. RCX spot castor was up ₹12.50 to ₹3,775. Castor oil lost ₹5 to ₹785/10 kg. About 85,000-90,000 bags of castorseed arrived in Gujarat and traded for ₹750-760 for 20 kg. Around 8,900-9,000 bags arrived in Saurashtra and price was quoted at ₹730-740. According to traders, this year crop size is expected lower and as a result demand from stockists is strong. Spot castor may improve more in coming days as arrivals move down gradually.

More: http://www.thehindubusinessline.com/markets/commodities/profit-booking-crushes-castor/article6033863.ece

Castorseed futures gain on low-level buying – April 30, 2014

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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.

Source: http://www.business-standard.com/article/pti-stories/castorseed-futures-gain-on-low-level-buying-114043000943_1.html

Higher inflow crushes castor – April 9, 2014

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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.

Source: http://www.thehindubusinessline.com/markets/commodities/higher-inflow-crushes-castor/article5892327.ece?ref=wl_markets

Castorseed futures price dips on increased selling – April 7, 2014

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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 futures fall on weak domestic, global cues – 24 March, 2014

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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.