Higher arrivals crush castorseed futures
08/05/2015 12:44
Castorseed futures traded lower on the National Commodity & Derivatives Exchange Limited (NCDEX) as traders reduced their positions after fall in demand from paint and other consuming industries. Furthermore, a sudden and a surprise surge in supply in physical markets also weighed on commodity prices.
At the NCDEX, castor seed futures for May 2015 contract were trading at Rs. 3,711 per quintal tonnes, down by 0.56 per cent, after opening at Rs. 3,715 against the previous closing price of Rs. 3,732. It touched the intra-day low of Rs. 3,700 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.
08/05/2015 12:44
Castorseed futures traded lower on the National Commodity & Derivatives Exchange Limited (NCDEX) as traders reduced their positions after fall in demand from paint and other consuming industries. Furthermore, a sudden and a surprise surge in supply in physical markets also weighed on commodity prices.
At the NCDEX, castor seed futures for May 2015 contract were trading at Rs. 3,711 per quintal tonnes, down by 0.56 per cent, after opening at Rs. 3,715 against the previous closing price of Rs. 3,732. It touched the intra-day low of Rs. 3,700 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.
