Castorseed Dips On Weak Demand Outlook



Castorseed prices fell by 5.98 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for February 2016 contract was trading at Rs. 3,051 per quintal tonnes, down by 5.98 per cent, after opening at Rs. 3,264 against the previous closing price of Rs. 3,245. It touched the intra-day low of Rs. 3,051 till the trading.

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.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
NewerStories OlderStories Home

0 comments: