Castorseed Gains As Demand Picks Up



Castorseed prices rose by 0.03 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for January 2016 contract were trading at Rs. 3,460 per quintal tonnes, up by 0.03 per cent, after opening at Rs. 3,456 against the previous closing price of Rs. 3,459. It touched the intra-day high of Rs. 3,460 till the trading.

Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.

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