CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.
Check out the table and the graphical data.
The price of castor seed at the end of last week was Rs. 3750/quintal and did not change much throughout the week.
This week, the price increased throughout the week with a high price of Rs. 4075/quintal on 12th Jan.
| Price Date | Rupees Per Quintal |
| 9 Jan | 3825 |
| 10 Jan | 3900 |
| 11 Jan | 3950 |
| 12 Jan | 4075 |
| 13 Jan | 4050 |
Castorseed prices rose by Rs 35 to Rs 4,075 per quintal in futures trading last week as participants created positions amid a firm trend at the physical markets.
Also, delivery in current month delivery went up by Rs 33, or 0.83 per cent, to Rs 4,026 per quintal, in an open interest of 10,940 lots.
CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.
Check out the table and the graphical data.
| Price Date | Rupees Per Quintal |
| 02 Jan | 3750 |
| 03 Jan | 3800 |
| 04 Jan | 3775 |
| 05 Jan | 3750 |
| 06 Jan | – |
CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.
Check out the table and the graphical data.
| Price Date | Rupees Per Quintal |
| 19 Dec | 3700 |
| 20 Dec | 3725 |
| 21 Dec | 3700 |
| 22 Dec | 3700 |
| 23 Dec | 3700 |
Castor seeds futures, a leader in the segment and suspended by the National Commodity and Derivatives Exchange (NCDEX), are likely to be relaunched again. The market regulator, the Securities and Exchange Board of India (Sebi), is considering a proposal on this and is likely to announce its decision soon.
Multi Commodity Exchange (MCX) has also applied for castor seed futures and is awaiting Sebi’s approval.
CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.
Check out the table and the graphical data.
The closing price in the last week was Rs. 3780. This week, there was an increase in the price of castor seed at the end of the week.
| Price Date | Rupees per Quintal |
| 28 Nov | 3530 |
| 29 Nov | – |
| 30 Nov | 3875 |
| 01 Dec | 3875 |
| 02 Dec | 3875 |
Recent market study has shown that revenue from castor oil and derivatives market could increase in the near future. Sebacic acid and dehydrated castor oil are among the major revenue generators in the global castor oil market. Large-scale adoption of sebacic acid in plasticizers, lubricants, cosmetics is catalysing its growth in the global market.
In the end user application areas, cosmetics, pharmaceuticals, surface coatings, plastics and resin industry are the largest consumers of castor oil whereas the surface coatings industry is the fastest growing end-user for the castor oil.
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.
CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.
Check out the table and the graphical data.
| Price Date | Rupees Per Quintal |
| 21 Nov | 3800 |
| 22 Nov | 3815 |
| 23 Nov | – |
| 24 Nov | – |
| 25 Nov | 3780 |
The global castor oil and derivatives market is expected to reach USD 2.30 billion by 2024. The market is estimated to witness a high growth owing to increase in demand for biodegradable products and increasing trend to reduce dependence on petrochemicals are expected to foster the market growth.
Asia Pacific dominated the overall market. Growth in end-use markets such as personal care, lubricants, and pharmaceuticals is presumed to fuel the regional demand over the next eight years.
Global undecylenic acid market size was estimated at over 170 kilo tons in 2015 and is likely to exceed 240 kilo tons by 2023, growing at a CAGR of over 4.2%. This market is was worth over USD 310 million in 2015 and is likely to be valued more than USD 520 million by 2023, growing at a CAGR of over 5.8%.
FDA approval for medical applications is likely to favor undecylenic acid market growth over the forecast period. It is also used against candida infection and also relives irritation, itching and burning sensations on skin.