CastorOil.in brings you the weekly report of castor seed price at NCDEX.
Check out the table and the graphical data.
A decrease in the price of castor seed was observed at the end of the week.
| Price Date | Rupees Per Quintal |
| 9 February | 3971.75 |
| 10 February | 3938.35 |
| 11 February | 3955.25 |
| 12 February | 3911.35 |
| 13 February | 3910 |
Owing to the rapid growth of biodiesel, lubricants and cosmetics industries, the growth of castor oil and derivatives market is expected to reach $1.81 billion by 2020. A strong 
shift of volatile crude oil prices towards the substitution of conventional fuels by biofuels has also a positive influence on the growth of castor oil market.
Castor wax industry is expected to reach the highest growth rate of CAGR of 5.8% from 2014 to 2020. Also, the growth of personal care industry, particularly in Asia Pacific and Latin America is expected to increase over the next 6 years.
CastorOil.in brings you the weekly report of castor seed price at NCDEX.
Check out the table and the graphical data.
| Price Date | Rupees Per Quintal |
| 2 February | 4171.6 |
| 4 February | 4099.5 |
| 5 February | 4089.05 |
| 6 February | 4075 |
Castor seed future March contract eased in the early trades due to lack of speculative buying.
Castor seed futures, in rupees per 100 kilograms, in the Rajkot market,
According to the Rajkot Commodity Exchange:
March Contract
Today’s open 3,998.00
At 1215 local time 3,991.00
Previous close 3,992.00
The trend castor seed futures for August delivery on India’s National Commodity and Derivatives Exchange (NCDEX) is negative and further downward movement is expected from current levels. NCDEX castor seed for August 2013 delivery was seen trading down by 0.32% at Rs.3480 per 100 kgs on July 18.
National Spot Exchange (NSEL), India has confirmed having 1.04 lakh tonnes of castor seed stock at Kadi, Gujarat, with an overall storage capacity of 1.2 Lakh tonnes.
NSEL said that the existing stock of 1.04 lakh tonnes is for 6715 participants who actively use NSEL’s online facility to trade in castor seed. Further, there are four leading caster seed crushers, processors and exporters in India and Jayant Agro Organics and N K Industries are the leading exporters using NSEL platform.
More on the news:
http://articles.economictimes.indiatimes.com/2013-07-19/news/40681172_1_nsel-ceo-anjani-sinha-castor