Excessive arrivals lift Castorseed future
18/02/2015 15:47
Castorseed prices rose by 1.39 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of excessive arrivals of the commodity at the major mandies as well as weak production estimates. At the NCDEX, castor seed futures for February 2015 contract was trading at Rs. 3,780 per quintal tonnes, up by 1.39 per cent, after opening at Rs. 3,730 against the previous closing price of Rs. 3,728. It touched the intra-day low of Rs. 3,784 till the trading. (At 03.51 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.
18/02/2015 15:47
Castorseed prices rose by 1.39 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of excessive arrivals of the commodity at the major mandies as well as weak production estimates. At the NCDEX, castor seed futures for February 2015 contract was trading at Rs. 3,780 per quintal tonnes, up by 1.39 per cent, after opening at Rs. 3,730 against the previous closing price of Rs. 3,728. It touched the intra-day low of Rs. 3,784 till the trading. (At 03.51 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.
