Castorseed surges as demand picks up
01/12/2014 12:26
Castorseed prices rose by 0.72 per cent on Monday 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. 4,450 per quintal tonnes, up by 0.72 per cent, after opening at Rs. 4,455 against the previous closing price of Rs. 4,418. It touched the intra-day high of Rs. 4,461 till the trading. (At 12.15 PM today).
Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.
01/12/2014 12:26
Castorseed prices rose by 0.72 per cent on Monday 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. 4,450 per quintal tonnes, up by 0.72 per cent, after opening at Rs. 4,455 against the previous closing price of Rs. 4,418. It touched the intra-day high of Rs. 4,461 till the trading. (At 12.15 PM today).
Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.
