Castorseed gains on demand from consuming industries
02/12/2014 16:31
Castorseed prices rose by 0.24 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for December 2014 contract were trading at Rs. 4,527 per quintal tonnes, up by 0.24 per cent, after opening at Rs. 4,527 against the previous closing price of Rs. 4,516. It touched the intra-day high of Rs. 4,570 till the trading. (At 4.25 PM today).
Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.
02/12/2014 16:31
Castorseed prices rose by 0.24 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for December 2014 contract were trading at Rs. 4,527 per quintal tonnes, up by 0.24 per cent, after opening at Rs. 4,527 against the previous closing price of Rs. 4,516. It touched the intra-day high of Rs. 4,570 till the trading. (At 4.25 PM today).
Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.
