SEARCH

Castorseed rises as poor rainfall hits sowing

Our Bureau
Share  ·   Comment   ·   print   ·  
The area under castorseed is lower in line with the general trend that is being witnessed in kharif oilseeds coverage this year.
The area under castorseed is lower in line with the general trend that is being witnessed in kharif oilseeds coverage this year.

Castorseed futures gained across contracts by over 1 per cent on the NCDEX by noon on Wednesday.

Deficient monsoon in growing areas, particularly in Gujarat, and lower sowing of the crop was pushing up prices in futures and spot markets.

According to the Agriculture Ministry, the area under castor lagged behind by at least 0.5 per cent compared with last year. Hardly one lakh hectare have been covered under the crop so far, according to reports.

The area under castorseed is lower in line with the general trend that is being witnessed in kharif oilseeds coverage this year. India is a key producer of castorseed being the largest producer and exporter of castor oil.

Castorseed for August delivery was up by 1.04 per cent on the NCDEX at Rs 4,095/quintal while September contracts increased by 1.21 per cent from Tuesday’s close to Rs 4,188. October contracts gained 1.29 per cent at Rs 4,240. In the spot market, castorseed was quoted at Rs 3,775.

(This article was published on July 25, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.

Comments:

This article is closed for comments.
Please Email the Editor
Get commodities

Cereals Prices

Cotton Prices

Drug and Narcotics Prices

Forest Products Prices

Fruits Prices

Jute Prices

Oil Seeds Prices

Other Prices

Pulses Prices

Rice Prices

Rubber Prices

Spices Prices

Vegetable Prices

Wheat Prices



O
P
E
N

close

Recent Article in Commodities

How the Centre is trying to address the NSEL fiasco

A year after the NSEL scam wiped out thousands of crores of monies and investor confidence, here is a peek into what has the Government... »

Comments to: web.businessline@thehindu.co.in. Copyright © 2014, The Hindu Business Line.