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 |
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
Gujarat farmers have urged the commodity derivatives regulator the Forward Markets Commission (FMC) to ban futures trading in castor seed due to high volatility in the past few weeks.
Average castor seed price jumped 17.83% in October 2014 to 44,000 a tonne in Gujarat spot market, compared to 37,553 a tonne in November 2013, data compiled by the Solvent Extractors’ Association showed.
During the week to November 28, however, castor seed price declined 3.28 per cent to Rs 44,250 a tonne. Castor seed for delivery in April 2015 jumped 2.4 percent on 3rd December to trade at Rs 4,812 a quintal on the NCDEX.
Therefore, the farmers want to ban futures trading in castor seed in case excessive speculative activities are witnessed in this counter on commodity exchanges.
At NCDEX, Castor Price for November contract raised by Rs 80 to Rs 4728 per quintal, which is about 1.72 per cent.
This is due to strong export demand amid lesser supply in physical markets.
Castor price for December contract increased nearly in the range of 1.65 per cent