Castor Seed Price Weekly Report: Apr 18 – 21, 2017

CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.

Check out the table and the graphical data.

Last week, the prices of castor seeds decreased at the end of the week and was Rs. 4865/quintal.

This week, the market showed an increase in price throughout the week.

Price Date Rupees Per Quintal
18 Apr 4575
19 Apr 4600
20 Apr 4700
21 Apr 4875

castor seed prices - Apr 18 to 21, 2017

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Castor Oil Derivative Market to Witness Comprehensive Growth by 2021

Among the various castor oil derivatives, sebacic acid and dehydrated castor oil are one of the major revenue generators in the global castor oil market. Large scale adoption of sebacic acid in plasticizers, cosmetics, lubricants is catalysing its growth in the castor derivatives market.sebacic acid

Asia Pacific is the largest consumer of castor oil and is expected to retain the higher growth rate during the next few years due to strong growth in surface coatings, pharmaceuticals, and cosmetics industry.

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Castor Seed Futures down Rs 67 per Quintal

Castor seed prices decreased by Rs. 67 to Rs. 4319 per quintal in futures trade as participants liquidated holdings pressurized by weak domestic spot.Castor-Oil-Seeds-Traders

At the National Commodity and Derivative Exchange, castor seed for delivery this month contract dipped by Rs 67 or 1.53 per cent to Rs 4,319 per quintal, clocking an open interest of 42,530 lots.

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Global Sebacic Acid Market to Increase in the Coming Years

Over the past few years, there has been an increase in demand for sebacic acid particularly for applications such as textiles, cosmetics, households and others. Increasing demand for textiles has escalated the growth of sebacic acid.Sebacic_acid_3D_ball

China is the leading producer of sebacic acid and exports around 100,000 metric tons. Owing to this, Asia-Pacific is estimated to be the largest market for Sebacic acid followed by Europe and North America.

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Castor Seed Futures Rise as Participants Create Position

Castor seed prices were trading higher by Rs 16 to Rs 4,738 per quintal in futures trading as participants created fresh positions amid a firm trend at the physical markets.castoroil-seed

At the National Commodity and Derivatives Exchange, castor seed for April delivery recovered by Rs 16, or 0.34 per cent, to Rs 4,738 per quintal, with an open interest of 1,370 lots.

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Castor Seed Price Weekly Report: Apr 03– 07, 2017

CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.

Check out the table and the graphical data.

Last week, the prices of castor seeds increased throughout the week and was Rs. 4775/quintal at the end of the week.

This week, the market showed an initial increase and decreased at the end of the week.

Price Date Rupees Per Quintal
03 Apr 4825
05 Apr 5000
06 Apr 4875
07 Apr 4865

castor seed prices - 03 - 07 apr, 2017

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Impact of Existing and Emerging Castor Oil Derivatives Market Trends 2015-2025

Castor oil is one of the most multipurpose plant oils. After plant oils, castor oil is considered to be the most required oil. However, growing concerns pertaining to biofuels specially biodiesel and biopolymer across the globe is pushing castor oil to play a much larger role in the world economy.castor-oil-800067

Growth of major end-use industries (lubricants, cosmetics and pharmaceuticals) and increasing demand for sustainable products & biodegradable is anticipated to fuel the demand for castor oil derivatives market. Also regulatory support and rising prices of alternative renewable chemicals is expected to drive the global castor oil derivatives market.

However factors such as manufacturing cost is causing restraints for the castor oil derivatives market.

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Castor Seed Futures: Price Action Requires Better Understanding of Market Dynamics

While commodity derivatives market regulator SEBI might have had concerns arising out of price volatility, it appears that the directive to the exchanges to impose a special cash margin of 20 per cent on the long side with effect from March 27 was issued without a clear understanding and appreciation of the current fundamentals and dynamics of the castor market.Castor-Oil-Seeds2

Following high production and burdensome inventory, for four years castor seed rates generally ruled at relatively low levels, falling to as low as ₹3,100 a quintal exactly a year ago.

Castor seed growers were the worst hit by low prices. This year they responded as they usually do and in the only way they know.

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Castorseed Futures Climb On Spot Demand

Castorseed prices were higher by Rs 65 to Rs 5,125 per quintal in futures trading this week on Wednesday as participants expanded their exposure in line with a firm trend at the domestic spot markets amid positive overseas markets.castoroil-seed

At the National Commodity and Derivative Exchange, castorseed for delivery in May was up by Rs 65 or 1.28 per cent to Rs 5,125 per quintal, with an open interest of 82,350 lots.

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Rising Awareness, Demand For Organic Products in Kuching

Demand and awareness for castor and other organic products are on the rise in Kuching, a city in Malaysia as search for more health conscious options have increased in the locality.castor-oil-800067

The observation was shared by a local pharmacy industry during a cosmetic product launch recently. There has been an increase in demand for organic products, especially essential oils and carrier oils in recent times.

SHINE pharmacy, the only retailer of castor oil in Kuching currently, expressed that castor oil has been the best selling product in the past few months.

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