Castorseed rises on increase in demand
20/02/2015 13:10
Castorseed prices rose by 0.19 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh demand of the commodity in the major mandies.
At the NCDEX, castor seed futures for February 2015 contract was trading at Rs. 3,775 per quintal tonnes, up by 0.19 per cent, after opening at Rs. 3,781 against the previous closing price of Rs. 3,768. It touched the intra-day high of Rs. 3,790 till the trading. (At 01.13 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.
20/02/2015 13:10
Castorseed prices rose by 0.19 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh demand of the commodity in the major mandies.
At the NCDEX, castor seed futures for February 2015 contract was trading at Rs. 3,775 per quintal tonnes, up by 0.19 per cent, after opening at Rs. 3,781 against the previous closing price of Rs. 3,768. It touched the intra-day high of Rs. 3,790 till the trading. (At 01.13 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.
