Castor seed futures recover 0.63% on spot demand

Castor seed prices recovered 0.63 per cent to Rs 4,441 per quintal in futures trading  on short covering by participants in line with strengthened spot market sentiment.Castor-Oil-Seeds-Traders

At the National Commodity and Derivative Exchange, castor seed delivery for February contract improved Rs 28 or 0.63 per cent to Rs 4,441 per quintal, with an open interest of 16,640 lots.


Castor seed futures sink on subdued spot demand

Castor seed prices slumped Rs 120 to Rs 4,031 per quintal in futures trade today after participants offloaded positions, triggered by a weak trend in the physical markets on ample stocks position.Castor-Oil-Seeds-Traders

At the National Commodity and Derivative Exchange, castor seed to be delivered in current month contracts plunged Rs 120, or 2.89 per cent, to Rs 4,031 per quintal with an open interest of 21,520 lots.


Castor seed futures fall by Rs 34 per quintal

Castor seed prices rolled down by Rs 34 to Rs 4,426 per quintal in futures trade on trimming of positions by the participants amid weak physical markets.Castor-Oil-Seeds2

Marketmen said cutting down of bets by the participants in view of falling price at spot markets, mainly led to fall in castor seed futures prices.

In spot markets, withdrawal of support by the soap, paint and lubricant industries amid uninterrupted arrivals from growing belts kept the prices under pressure.


Bio-Polyamide, Specialty Polyamide and Precursors Market to Grow in the Coming Years

Undecanoic acid and sebacic acid derived from castor oil areamong the most dominant raw materials used in the production of bio based polyamide. Owing to the eco logical benefits, bio based polyamides are gaining acceptance and are anticipated to be the fastest growing product segment during the forecast period.Sebacic_acid_3D_ball

Asia Pacific dominates the global demand for bio-polyamide, specialty polyamide andprecursors and the trend is expected to continue during the forecast period.


Rising Demand for Castor Oil & Derivatives in Cosmetic and Pharmaceutical Industries Driving the Growth of Global Castor Oil & Derivatives Market

Global castor oil & derivatives market is expected to grow at noteworthy CAGR over the forecast period to reach at notable revenue of USD 2.0 Billion by the end of 2021. The market is expected to expand on the back of a number of factors such as easy availability of castor seeds and growing demand for bio-degradable products. Furthermore, growing demand for castor oil for bio-diesel production is predicted to escalate the growth of global castor oil market in upcoming years. Additionally, India & Brazil are the major producers of castor oil.castor-oil-800067

The cosmetics and pharmaceutical industry segments by end user are likely to grow at 5.0% during the forecast period. Growing use of castor oil in preparation of soap and hair oil is a key factor which is estimated to spur the growth of these segments in upcoming years. Additionally, incredible health benefits of castor oil are major factors which are increasing the demand for castor oil and its derivatives in pharmaceutical industries.


Sebacic Acid Market set to witness significant growth driven by widening application scope

Global Sebacic Acid Market is expected to witness prolific growth over the forecast period driven by increasing demand from end-use industries such as household, automotive, and aerospace.sebacic acid

Rising awareness regarding personal care & hygiene among consumers in regions such as Asia Pacific and Latin America is slated to positively impact market growth over the forecast period. The product finds wide application scope as a monomer for production of textiles, lubricants, candles, hydraulic fluids, and cosmetics.