Castor Contract Volumes Jump at RCX Post Suspension by NCDEX

With castor contracts being suspended by NCDEX from January 27, daily volumesCastor-Oil-Seeds2 of the commodity have moved up sharply on the regional Rajkot Commodity Exchange. The volumes have increased from 920 tonnes to 5310 tonnes in two weeks.

There are 101 registered members in RCX but only 12 are active. Activity of non-members has increased in recent times which also reflects on the increased volumes.

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NCDEX to Help Castor Seed Traders Sell on its E-spot Exchange

National Commodity and derivatives Exchange has planned to assist castor seed traders in liquidating their stock through its e- spot market arm, NCDEX eMarkets Ltd. Castor-Oil-Seeds2(NeML).

Through NeML castor seed traders can liquidate their entire holding in a phased manner instead of carrying the entire quantity and go the physical market for selling. Selling through a spot exchange might yield better realization than transporting entire quantity to physical markets on one occasion.

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Castor Seed Price Weekly Report: Jan 18 – 22, 2016

CastorOil.in brings you the weekly report of castor seed price at NCDEX.

Check out the table and the graphical data.

The closing price for last week was Rs. 3486.35/quintal. This week, a decrease in price of castor seed was observed throughout the week.

In general, a decrease in the price of castor seed was observed at the end of the week compared to previous week.

Price Date Rupees Per Quintal
18 Jan 3526.5
19 Jan 3520.6
20 Jan 3481.25
21 Jan 3445
22 Jan 3450

Castor Seed Price Weekly Report: Jan 18 – 22, 2016

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Castor Seed Price Weekly Report: Jan 11 – 15, 2016

CastorOil.in brings you the weekly report of castor seed price at NCDEX.

Check out the table and the graphical data.

The closing price for last week was Rs. 3651.9/quintal. This week, a decrease in price of castor seed was observed throughout the week.

In general, a decrease in the price of castor seed was observed compared to previous week.

Price Date Rupees Per Quintal
11 Jan 3630.6
13 Jan 3490
15 Jan 3486.35

Castor Seed Price Weekly Report: Jan 11 – 15, 2016

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Castor Seed Price Weekly Report: Jan 04 – 08, 2016

CastorOil.in brings you the weekly report of castor seed price at NCDEX.

Check out the table and the graphical data.

The closing price for last week was Rs. 3726.65/quintal. This week, a decrease in price of castor seed was observed at the end of the week.

In general, a decrease in the price of castor seed was observed compared to previous week.

Price Date Rupees Per Quintal
05 Jan 3673.9
06 Jan 3662.9
07 Jan 3684.8
08 Jan 3651.9

Castor Seed Price Weekly Report: Jan 04 – 08, 2016

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Castor Seed Prices in 2015 – An Analysis by CastorOil.in

Castor seed prices have traded in the range of Rs. 3600 – Rs. 4200/quintal in 2015. The prices have remained range-bound till October due to a comfortable supply situation. The week rupee and lower prices led to healthy demand and hence the seed prices increased to Rs. 4200/quintal in November, tracking good export demand to China and EU in the latter half of the year.

Prices have increased to Rs. 4215/quintal in November, compared to seasonal low of Rs. 3500/quintal in February 2015. It is expected that the prices will trade in the range of Rs. 4000 – Rs. 4300/quintal before the new crop arrivals pick up in February 2016. (Read more from here)

The average prices for each month are presented below.

2015 2014
Month Rs./Quintal Month Rs./Quintal
Jan 2015 4486.6 Jan 2014 4275.6
Feb 2015 4013.5 Feb 2014 4079.4
Mar 2015 3646.8 Mar 2014 4193.3
Apr 2015 3631.3 Apr 2014 3947.7
May 2015 3830.6 May 2014 3916.6
Jun 2015 4021.8 Jun 2014 4078
July 2015 3991.1 Jul 2014 4241.7
Aug 2015 3992.6 Aug 2014 4247.7
Sep 2015 4160.1 Sep 2014 4096
Oct 2015 4115.3 Oct 2014 4527.8
Nov 2015 4215.2 Nov 2014 4731.3
Dec 2015 3920.8 Dec 2014 4612

 

NCDEX castor seed prices

Yearly average prices:

2014 – Rs.4245/quintal

2015 – Rs.4002.1/quintal

Some observations:

  • Starting with a high of Rs 4500/quintal, the lowest price reached during the year (about Rs 3600/quintal) is almost 20% lower than the highest price during the year.
  • Even though the price almost touched Rs 3600/quintal during 2015, we can see that it has remained almost at or above Rs 4000/quintal for most of the months (9/12 months, it has been Rs 3900 and above), so one can say that Rs 40/Kg (and for a few months above 40) was the dominant price of castor seeds during 2015.
  • In 2014, though the prices have started off at a price lower than 2015, the price trend has remained somewhat stable during February to June compared to 2015. During the end of the year, in the months of Oct to Dec, the prices have reached very high compared to 2015.  The prices have been above Rs.40/kg except for two months.
  • When we compare the yearly average prices, the average price for 2014 is Rs.4245/quintal, while that for 2015 is Rs.4002.1/quintal which shows a 5.7% reduction in price in 2015.

Castor Seed Price Weekly Report: Dec 28 – 31, 2015

CastorOil.in brings you the weekly report of castor seed price at NCDEX.

Check out the table and the graphical data.

The closing price for last week was Rs. 3770/quintal. This week, a decrease in price of castor seed was observed throughout the week.

In general, a gradual decrease in the price of castor seed was observed compared to previous week.

Price Date Rs. Per Quintal
28 Dec 3780.4
29 Dec 3744.3
30 Dec 3727.85
31 Dec 3726.65

Castor Seed Price Weekly Report: Dec 28 – 31, 2015

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Castor Seed Price Weekly Report: Dec 21 – 24, 2015

CastorOil.in brings you the weekly report of castor seed price at NCDEX.

Check out the table and the graphical data.

The closing price for last week was Rs. 3817/quintal. This week, an increase in price of castor seed was observed throughout the week.

In general, a decrease in the price of castor seed was observed compared to previous week.

Price Date Rs. Per Quintal
21 Dec 3759.8
22 Dec 3761.55
23 Dec 3770

Castor Seed Price Weekly Report: Dec 21 – 24, 2015

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Castor Seed Price Weekly Report: Dec 14 – 18, 2015

CastorOil.in brings you the weekly report of castor seed price at NCDEX.

Check out the table and the graphical data.

A decrease in price of castor seed was observed at the end of the week.

Price Date Rupees Per Quintal
14 Dec 3821.3
15 Dec 3850
16 Dec 3844.6
17 Dec 3821.4
18 Dec 3817

Castor Seed Price Weekly Report: Dec 14 – 18, 2015

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Castor Seed Price Weekly Report: Dec 07 – 11, 2015

CastorOil.in brings you the weekly report of castor seed price at NCDEX.

Check out the table and the graphical data.

A decrease in price of castor seed was observed at the end of the week.

Price Date Rupees Per Quintal
07 Dec 3971.9
08 Dec 3950
09 Dec 3867.7
10 Dec 3750
11 Dec 3800

Castor Seed Price Weekly Report: Dec 07 – 11, 2015

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