Tag Archives: castor market

Castor seed futures gain on spot demand

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Castor seed registered a rise of Rs 20 to Rs 4,741 per quintal in its prices at futures trade today as operators raised their bets supported by strong industrial demand in the spot markets.Castor-Oil-Seeds-Traders

At the National Commodity and Derivative Exchange, castor seed for the November delivery contracts advanced by Rs 20 or 0.42 per cent to Rs 4,741 per quintal, in an open interest of 37,410 lots.

The most-traded delivery in October too was trading higher by Rs 17 or 0.37 per cent to Rs 4,657 per quintal, depicting an open interest of 82,770 lots.

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Castor seed futures drop by Rs 15 per quintal

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Castor seed prices drifted down by Rs 15 to Rs 4,727 per quintal in futures trading as participants cut down their positions in line with muted demand in spot markets.castor-seeds_10421148_250x250

At the National Commodity and Derivative Exchange platform, castor seed for delivery in November contracts slipped by Rs 15 or 0.32 per cent to Rs 4,727 per quintal, with an open interest of 31,860 lots.

The most-traded delivery in October contracts also eased by Rs 13 or 0.28 per cent to Rs 4,637 per quintal, in an open interest of 86,640 lots.

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Castor seed futures recover on short covering

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Castorseed prices recovered by Rs 23 to Rs 4,554 per quintal in futures trade on the back of covering-up of short positions at existing levels by speculators amid a rebound at physical markets. Castor-Oil-Seeds-Traders

At the National Commodity and Derivative Exchange, castor seed for delivery this month improved by Rs 23 or 0.51 per cent to Rs 4,554 per quintal, with an open interest of 5410 lots. 

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Global Castor Oil Derivatives Market Report 2016 by Industry Size, Share & Key Drivers 2024

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The global castor oil derivatives market is expected to witness a lucrative growth during the period 2016-2024. Factors such as growing demand from the end-user industries such as cosmetics, lubricants, and pharmaceuticals and the growing demand for the products that are biodegradable and sustainable, owing to the reduced petrochemicals dependence are expected to drive this growth.

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The region that dominated the castor oil derivatives market is Asia Pacific. The dominance in the global castor oil derivatives market is going to be continued in the coming years. The emerging nation, India accounted for the major production of castor oil derivatives globally. India is followed by other developing nations such as Brazil and China.

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Castor Seed Futures Weaken on Low Spot Demand

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Castor seed prices edged lower by Rs 9 to Rs 4,814 per quintal in futures trade as traders indulged in slashing exposure largely in line with weak physical markets.castor-seeds_10421148_250x250

At the National Commodity and Derivative Exchange, castor seed for most-active October month contract was trading lower by Rs 9 or 0.19 per cent to Rs 4,814 per quintal, clocking a business turnover of 99,570 open lots.

The November contract also dropped by Rs 7 or 0.14 per cent to Rs 4,909 per quintal, revealing an open interest of 16,470 lots.

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Castor Seed Futures Climb Rs 107 per Quintal

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Castor seed prices bounced by Rs 107 per quintal in futures trade after participants accumulated speculative positions, powered by strong domestic and overseas demand.Castor-Oil-Seeds2

Market players said a firm trend at the physical markets following frantic buying by soap and other consuming industries amid pause in arrivals from growing areas, influenced castor seed prices in futures market.

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Castor Seed Price Weekly Report: Jul 31 –Aug 04, 2017

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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 castor seed prices increased throughout the week and ended with a high price of Rs. 4475 per quintal.

This week, there was a decrease in castor seed prices throughout the week and ended at Rs. 4425 per quintal.

Price Date Rupees Per Quintal
31 Jul 4500
01 Aug 4490
02 Aug 4475
03 Aug 4450
04 Aug 4425

Castor Seed Price Weekly Report: Jul 31 –Aug 04, 2017

Castor Seed Price Weekly Report: Jul 24 –28, 2017

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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 castor seed prices decreased throughout the week and ended with a low price of Rs. 4450 per quintal.

This week, the price reached a high price of Rs. 4500/quintal towards the end of the week.

Price Date Rupees Per Quintal
24 Jul 4450
25 Jul 4440
26 Jul 4450
27 Jul 4500
28 Jul 4475

Castor Seed Price Weekly Report: Jul 24 –28, 2017