Castorseed drops on higher arrivals
16/02/2015 12:16
Castorseed prices fell by 2.41 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for February 2015 contract was trading at Rs. 3,730 per quintal tonnes, down by 2.41 per cent, after opening at Rs. 3,811 against the previous closing price of Rs. 3,822. It touched the intra-day low of Rs. 3,723 till the trading. (At 12.20 PM today).
Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding about 70 per cent share of the international trade in this commodity followed by China & Brazil.
16/02/2015 12:16
Castorseed prices fell by 2.41 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for February 2015 contract was trading at Rs. 3,730 per quintal tonnes, down by 2.41 per cent, after opening at Rs. 3,811 against the previous closing price of Rs. 3,822. It touched the intra-day low of Rs. 3,723 till the trading. (At 12.20 PM today).
Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding about 70 per cent share of the international trade in this commodity followed by China & Brazil.
