Castor Beans: An Ideal Clean Biodiesel Feedstock

Earth Gen Biofuel expects that the worldwide demand for castor beans would increase for the next 10 years.

The ever expanding end uses of castor oil and its derivatives are the key drivers for increase in world castor seed production. The demand exceeds the current castor Castor-Oil-Seeds-Tradersseed production by a wide margin. These facts and EarthGen’s goal of becoming one of the largest US-based growers of castor beans have paved the way for the company’s expansion goals.

The company plans to start castor bean operations in South America and US. It also include adding 4000 acres of castor bean farms in Laos over the next two years.

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Castor Price Trades Flat in Rajkot

Castor prices traded almost flat on the back of good demand and sufficient supply. There was good demand from exporters of castor oil on which crushers bought heavily.Castor-Oil-Seeds2

According to SEA data, during April-February 2015-16, castor oil export increased to 4.34 lakh tonnes as against 4 lakh tonnes in corresponding period last year.

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Castor Seed Price Weekly Report: Apr 18 – 23, 2016

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 Apr 3200
20 Apr 3200
21 Apr 3225
22 Apr 3225
23 Apr 3250

Castor Seed Price Weekly Report: Apr 18 – 23, 2016

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Castor Declines on Higher Arrival

Castor prices reduced in spot market owing to higher arrival of the seed. However, the castor prices increased in futures owing to hope of rise in demand in the coming Castor-Oil-Seeds2days.

About 1.10 lakh bags of castor seed arrived in Gujarat, while about 4,500 bags arrived in Saurashtra. At the Rajkot Commodity Exchange, the castor June contract increased while the castor spot market decreased.

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Castor Oil and Meal Prices – Feb 1 – 5, 2016

CastorOil.in brings you the weekly report of castor oil and meal prices at Bombay Commodities Exchange.

Check out the table and the graphical data.

Date Castor commercial oil Prices US$/MT Castor Meal US$/MT
1 Feb 2016 948
2 Feb 2016 970 70
3 Feb 2016 977 70
4 Feb 2016 984 70
5 Feb 2016 977 70

 

castor oil and meal prices - feb 1 to 5, 2016

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Castor Contract Volumes Jump at RCX Post Suspension by NCDEX

With castor contracts being suspended by NCDEX from January 27, daily volumesCastor-Oil-Seeds2 of the commodity have moved up sharply on the regional Rajkot Commodity Exchange. The volumes have increased from 920 tonnes to 5310 tonnes in two weeks.

There are 101 registered members in RCX but only 12 are active. Activity of non-members has increased in recent times which also reflects on the increased volumes.

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SEA Estimates Castor Seed Production to Rise By 10% at 1.39 Million Tonnes

Solvent Extractors’ Association of India has estimated castor seed production to rise by 10% at 1.39 million tonnes for the year 2015-16. In 2014-15, the castor seed SEAproduction stood at 1.27 million tonnes.

As per the latest SEA report, sowing of castor seed crop increased to 1.13 million hectares this year, as against 1.10 million hectares last year. It is expected that castor seed production in Gujarat will increase by 8% to 1.15 million tonnes as against 1.06 million tonnes last year.

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