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.