Castorseed futures gain on rising demand
07/05/2015 12:31
Castorseed futures gained on the National Commodity & Derivatives Exchange Limited (NCDEX)after speculators enlarged positions following rising demand from consuming industries, including paint, soap and lubricant. Further, pick-up in export demand also supported castorseed prices’ uptrend.
At the NCDEX, castor seed futures for May 2015 contract were trading at Rs. 3,725 per quintal tonnes, up by 0.27 per cent, after opening at Rs. 3,708 against the previous closing price of Rs. 3,715. It touched the intra-day low of Rs. 3,705 till the trading. (At 12.30 PM today).
Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.
07/05/2015 12:31
Castorseed futures gained on the National Commodity & Derivatives Exchange Limited (NCDEX)after speculators enlarged positions following rising demand from consuming industries, including paint, soap and lubricant. Further, pick-up in export demand also supported castorseed prices’ uptrend.
At the NCDEX, castor seed futures for May 2015 contract were trading at Rs. 3,725 per quintal tonnes, up by 0.27 per cent, after opening at Rs. 3,708 against the previous closing price of Rs. 3,715. It touched the intra-day low of Rs. 3,705 till the trading. (At 12.30 PM today).
Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.
