Castor futures decline on profit booking

Our Correspondent Rajkot | Updated on January 22, 2018 Published on December 16, 2015

Castor futures declined on profit booking at the higher level followed by weak demand in spot. Weak export demand pulled down castor oil price too. Traders said that as export demand for castor oil was dull, buying from crushers was very limited in spot. On the National Commodity and Derivatives Exchange, castor January contract decreased ₹40 to ₹3,900 per quintal, with an open interest of 243,700 lots. NCDEX castor February contract declined ₹33 to ₹3,950, with an open interest of 135,820 lots. On the Rajkot Commodity Exchange, RCX March contract decreased ₹33 to ₹3,731 and RCX spot fell by ₹12.50 to ₹3,712.50 a quintal. About 10,000-12,000 bags arrived in Gujarat and prices were at ₹740-750 per 20 kg. In Saurashtra, about 550 bags arrived and prices declined ₹5 to ₹715-725 per 20 kg. Castor oil was down by ₹25 to ₹755/10 kg.

Published on December 16, 2015
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