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Castor price traded almost flat on the back of good demand and sufficient supply at the producing belt. It remained unchanged on the futures market.
Traders said demand was good from exporters for castor oil, on which crushers bought heavily. On the other side, arrival of castor seed was sufficient at the producing belt.
About 1.10 lakh bags of castor seed arrived in Gujarat and price decreased ₹2 to ₹615-625 per 20 kg. About 3,300 bags arrived in Saurashtra and price was quoted ₹615-625 per 20 kg. Castor oil was unchanged at ₹654 per 10 kg.
According to Solvent Extractors Association of India data, during April to February 2015-16, castor oil export increased to 4.34 lakh tonnes as against 4 lakh tonnes in corresponding period last year.
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