CastorOil.in brings you the weekly report of castor seed price at Bombay Commodities Exchange.
Check out the table and the graphical data.
| Price Date | Rupees Per Quintal |
| 20 Sep | 3835 |
| 21 Sep | 3855 |
| 22 Sep | 3865 |
| 23 Sep | 3810 |
India’s castor oil exports are likely to increase and hit 570,000 tonnes this year due to an increasing demand from America, China and European Union. The rising demand could affect the availability in Indian market due to the shortage of 
output.
Castor seed for delivery is currently trading at the rate of Rs. 3690/quintal. In the spot market the seed is selling at the rate of Rs. 3565/quintal in Gujarat.
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.
The price of castor seed at NCDEX had been increasing constantly.
The castor seed was being sold at Rs. 4613 per quintal earlier in the week. At the end of the week the price shot upto Rs. 4812 per quintal.
| Price Date | Price per quintal |
| 31 Oct 2014 | 4812.5 |
| 30 Oct 2014 | 4675 |
| 29 Oct 2014 | 4625 |
| 28 Oct 2014 | 4613 |
