Castor Seed Futures Trade Higher On Rising Demand

Castor seed futures traded marginally higher on NCDEX due to rising demand from paint industries. Further, restricted arrivals from the major castor seedsproducing belts also influenced castor seed prices’ uptrend.

The contract for October delivery was trading at Rs 4130 .00, while the contract for November delivery was trading at Rs 4245.00.

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Castor Seed Futures Trade up on Rising Demand

Castor seed futures traded marginally up on NCDEX due to increased holdingCastor seedss by the investors and rising demand from consuming industries at the spot market.

The contract for October delivery was trading at Rs 4190 .00 and the contract for November delivery was trading at Rs 4262.00.

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Castor Seed Futures Trade Lower on Higher Supply

Castor seed futures traded lower on NCDEX due to higher supply against lower domestic demand. The seed prices reduced due to pressure from bear castor seedsoperators.

The contract for September delivery was trading at Rs. 4088.00/quintal while the contract for October delivery was trading at Rs. 4131.00/quintal.

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Supply Crunch Boosts Castor

Castor seed prices increased due to good export demand and tight supply from producing belt. On the Rajkot Commodity Exchange (RCX) castor September futures was up Rs 11 to Rs 4,146 a quintal.castor seeds

About 38,000-40,000 bags arrived in Gujarat and prices gained Rs 5 to Rs 795-805 per 20 kg. Around 1,000-1,100 bags arrived in Saurashtra and went for Rs 765-775. Castor oil was at Rs 815/10 kg.

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Castor perks up on Short Supply

Castor seed prices increased due to strong demand and restricted supply. Castor seed futures also gained on speculative buying by traders.castor seeds

The price of castor seed in Gujarat increased by Rs. 5 to Rs. 780 – 790 per 20 kg. On the Rajkot Commodity Exchange (RCX), castor September futures was up Rs. 7 to Rs. 4,115 per quintal and RCX spot was traded up by Rs. 12.50 to Rs. 3,912.50.

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Castor Seed Futures Edge Higher on Rising Demand

Castor seed futures edged higher on NCDEX after speculators enlarged their positionsCastor Seeds driven by increasing demand in the spot market.

The contract for August delivery was trading at Rs 3987.00/Quintal, while the contract for September delivery was trading at Rs 4052.00/quintal. The open interest of the September contract stood at 255210 lots on NCDEX.

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Rajkot Castor Seed Futures Close- August 11

Castor seed future September contract eased due to lack of speculative buying interest.

Castor seeds ready price quoted at 3,800.00/quintal compared to the previous closing price of 3,837.50/quintal. Castor seed futures, in rupees per 100 kilograms, in the Rajkot market, according to Rajkot Community Exchange:

September ContractCastor Seeds

Open                3,993.00

High                 4,005.00

Low                  3,987.00

Close                3,990.00

 

Previous close      3,998.00

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