Global Ricinoleic Acid Market 2017 Key Players – TongliaoTongHua Castor Chemical Co. Ltd. ,NK Proteins ,Liaoyang Huaxing Chemical

Ricinoleic acid, formally called 12-hydroxy-9-cis-octadecenoic acid is a fatty acid. It is an unsaturated omega-9 fatty acid and a hydroxy acid. It is a major component of the seed oil obtained from mature Castor plant (Ricinus communis L.)ricinoleic-acid-61245

Geographically, the Ricinoleic Acid market dominance over North America, Latin America, Europe, Asia-Pacific, Middle East & Africa, North America held the majority of the Ricinoleic Acid market share in 2017. Rest of the World is likely to have a limited but steady growth in the Ricinoleic Acid market.

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Castorseed futures step up on spot cues

Castorseed prices marked higher by Rs 41 to Rs 4,622 per quintal in futures trading today after participants accumulated positions amid a firm trend at the physical markets.Castor-Oil-Seeds-Traders

At The National Commodity and Derivative Exchange, castorseed delivery for January contract climbed up by Rs 41 or 1.05 per cent to Rs 4,622 per quintal, with an open interest of 36,250 lots.

Also, the most-active contract to be delivered in current month advanced by Rs 39 or 0.86 per cent to Rs 4,566 per quintal, persisting an open interest in 55,580 lots.

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Prepare contingency plan for castor crop: IIOR

Castor (Ricinus communis, L.) occupies an important place in the country’s vegetable oil economy. During recent years, castor has emerged as a commercial crop with immense export potential earning valuable foreign exchange. It ideally suits dryland farming in kharif and with limited irrigations in post-monsoon both in traditional and non-traditional areas.castor-seeds_10421148_250x250

Castor is produced under two contrasting environments in the country viz., irrigated intensive cultivation with high productivity in Gujarat and Rajasthan; and rainfed culture coupled with poor management with very low productivity in Andhra Pradesh, Karnataka, Tamil Nadu, Orissa, etc.

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Castorseed futures step up on spot cues

Castorseed prices marked higher by Rs 41 to Rs 4,622 per quintal in futures trading after participants accumulated positions amid a firm trend at the physical markets.Castor-Oil-Seeds2

At The National Commodity and Derivative Exchange, castorseed delivery for January contract climbed up by Rs 41 or 1.05 per cent to Rs 4,622 per quintal, with an open interest of 36,250 lots.

Also, the most-active contract to be delivered in current month advanced by Rs 39 or 0.86 per cent to Rs 4,566 per quintal, persisting an open interest in 55,580 lots.

Source