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 |
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.
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 |
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 |
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 |
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 |
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 oil commercial
Rs. 830 per 10kg
Castor oil BSS
Rs. 840 per 10kg
Note: Plant delivery prices excludes transport costs and taxes
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
