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Castorseed rises as demand surges

By Religare
|

Castorseed prices rose by 0.37 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for September 2015 contract were trading at Rs. 4,109 per quintal tonnes, up by 0.37 per cent, after opening at Rs. 4,095 against the previous closing price of Rs. 4,094. It touched the intra-day high of Rs. 4,124 till the trading. (At 12.45 PM today).

 

Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.

Story first published: Friday, August 21, 2015, 23:00 [IST]
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