Castorseed gains as demand picks up
02/02/2015 12:40
Castorseed prices rose by 0.39 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 February contract were trading at Rs. 4,160 per quintal tonnes, up by 0.39 per cent, after opening at Rs. 4,155 against the previous closing price of Rs. 4,144. It touched the intra-day high of Rs. 4,196 till the trading. (At 12.40 PM today).
Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.
02/02/2015 12:40
Castorseed prices rose by 0.39 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 February contract were trading at Rs. 4,160 per quintal tonnes, up by 0.39 per cent, after opening at Rs. 4,155 against the previous closing price of Rs. 4,144. It touched the intra-day high of Rs. 4,196 till the trading. (At 12.40 PM today).
Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.
