Agri Business

Castor perks up on short supply

Our Correspondent Rajkot | Updated on January 23, 2018

Castorseed prices increased on the back of strong demand and restricted supply. Castor futures too gained on speculative buying by traders. Traders said that strong demand from consuming industries at the spot market against restricted supplies, mainly led to the rise in futures trade. Besides, rising export demand and slow sowing also supported the uptrend.

About 20,000-22,000 bags arrived in Gujarat and price was up ₹5 to ₹780-790 per 20 kg. Supply stood at 1,000-1,100 bags and price was up by ₹5 to ₹755-765 per 20 kg. Castor oil gained ₹5 to ₹800/10 kg. On the Rajkot Commodity Exchange (RCX), castor September futures was up ₹7 to ₹4,115 a quintal and RCX spot was traded up by ₹12.50 to ₹3,912.50.

Published on August 19, 2015

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