Castor Oil Exports at 13 Months High in April

Castor seed’s market under pressure may get some support from the increased export of castor oil from the country as the export has been recorded at the upper level of about 13 months during April.

According to the SEA officials, during April, 55, 557 tonnes of castor oil has been exported from the country, which is the highest monthly export since March 2016.

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Castor Oil Derivatives Market Forecast To Dominate Worldwide By 2025

Global castor oil derivatives market is expected to register a double digit CAGR during the period 2015-2025. Growing concerns pertaining to biofuels specially biopolymers and biodiesel is driving the castor oil industry across the globe.sağlıklı-saçlar-için-hint-yağı-250x300

Growth of major end use industries such as lubricants, cosmetics and pharmaceuticals and increasing demand for sustainable products is expected to fuel the demand for castor oil derivatives.

Asia-Pacific is expected to continue its dominance on the global castor oil derivatives market.

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Castor Seed Futures Recover on Short-Covering

Castor seed prices were trading higher by Rs 40 to Rs 4,268 per quintal in futures trade in the first week of June after traders covered-up their short positions at existing levels, driven by a recovery in the physical markets.Castor-Oil-Seeds2

At the National Commodity and Derivatives Exchange, castor seed for delivery in June rebounded by Rs 40, or 0.95 per cent, to Rs 4,268 per quintal, having an open interest of 47,890 lots.

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Undecylenic Acid Market to grow at over 5.8% CAGR by 2023

Global undecylenic market was worth over US$ 310 million in 2015 and is expected to reach more than US$ 520 million in 2023, growing at a CAGR of 5.8%.

Increasing pharmaceutical applications coupled with growing consumer awareness for biobased products is expected to drive the undecylenic acid market.Undecylenic_acid

In the castor oil market, India dominated the castor oil production and accounts for over 60% of the total volume with over 900 kilo tons of capacity. China and Brazil account close to 20% & 10% respectively of the total production volume.

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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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