Tag Archives: castor seeds

Castor seed’s market value declines further

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The drop in castor seed prices still continues to make news in blog following the previous blog entry. Poor export enquiries is seen as the reason for the decline in future of castor seed in the oil and oilseeds market. Though castor seed price is on the decline, castor oil commercial and linseed oil traded stable in even in the absence of market moving factors.

Castorseed price declined Rs. 20 per tonne to Rs. 4375. Refined palmolein moved down slightly to Rs. 585. Groundnut oil held steady at Rs. 760 for 10 kg. Castorseed bold, castor oil commercial and linseed oil ended unchanged at Rs. 5,300, Rs. 1,090 and Rs. 710 respectively.

Castor Seeds – Prices drop

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Castorseed futures prices fell by Rs.83 to Rs.4,545 per quintal. This is due to the increased supply in the market and lower industrial demand.

At the National Commodity and Derivatives Exchange, castorseed price for the month of February dropped down by Rs. 83 to Rs.4,545 per quintal, with an open interest of 7,370 lots. Near March-month delivery contract also fell by Rs 70, or 1.61 percent, to Rs 4,277 per quintal, with an open interest of 5,770 lots.

Information obtained from  – http://goo.gl/BJzzp

Thermoanalytical Characterization of Castor Oil Biodiesel – A Research Project

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See details of a project on ”  Thermoanalytical Characterization of Castor Oil Biodiesel” presented at ScienceDirect in Nov 2005

By: Marta M. Conceição, Roberlúcia A. Candeia, Fernando C. Silva, Aline F. Bezerra, Valter J. Fernandes, Jr. and Antonio G.Souza
Abstract
The castor oil seed has 47–49% of oil. Biodiesel obtained from castor oil has a lower cost compared to the ones obtained from other oils, as due its solvability in alcohol transesterification occurs without heating. The use of biodiesel will allow a reduction on the consumption of petroleum-derived fuels minimizing the harmful effects on the environment. This work wants to provide a thermoanalytical and physical-chemistry characterization of castor oil and biodiesel. Biodiesel was obtained with methyl alcohol and characterized through several techniques. Gas chromatography indicated methyl ester content of 97.7%. The volatilization of biodiesel starts and finishes under inferior temperatures than the beginning and final volatilization temperatures of castor oil. Biodiesel data are very close to the volatilization temperatures of conventional diesel.

Castor Seed Jan may See Buying at Rs 4,310-4,360: Kotak

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Commenting on the technical outlook, Dharmesh Bhatia, associate VP-Research, Kotak Commodities Services said the following:
Castor Seed January prices are trading firm and has made a contract high of Rs 4,439, next level is at Rs 4,650. Unless price closes below Rs 4,110, buying is advisable at Rs 4,310-4,360, with stop loss of Rs4,225 and target of Rs 4,610.
More from here:  http://www.myiris.com/newsCentre/storyShow.php?fileR=20110119125403043&dir=2011/01/19&secID=livenews