Agri Business

Spot castor rises on demand from crushers; futures declines

Our Correspondent Rajkot | Updated on January 22, 2018




Castorseed prices moved up on the back of good demand from crushers on the spot, while it decreased on futures as traders booked the profit at the higher level.

Traders said that export demand for castor oil had pepped up the demand from crushers. However, improved supply may hold price movement at the upper side and it may go down.

About 45,000-50,000 bags arrived in Gujarat and prices gained ₹10 to ₹815-825 a quintal. About 1,400-1,500 bags arrived in Saurashtra and prices increased by ₹10 to ₹780-790. Castor oil was up ₹5 to ₹830/10 kg.

Published on November 04, 2015

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