Commodities

Supply crunch boosts castor

Our Correspondent Rajkot | Updated on January 22, 2018




Castorseed prices moved up on good export demand and tight supply from producing belt. Traders said that widening of positions by speculators, driven by firming trend at the spot markets, influenced castorseed prices at futures trade. Moreover, pick-up in export demand too supported the upside in prices. On the Rajkot Commodity Exchange (RCX) castor September futures was up ₹11 to ₹4,146 a quintal. RCX spot remained unchanged at ₹3,975. About 38,000-40,000 bags arrived in Gujarat and prices gained ₹5 to ₹795-805 per 20 kg. Around 1,000-1,100 bags arrived in Saurashtra and went for ₹765-775. Castor oil was at ₹815/10 kg.

Published on September 02, 2015

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