Castorseed prices rose by 0.12 per cent on Wednesday 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 October 2015 contract were trading at Rs. 4,194 per quintal tonnes, up by 0.12 per cent, after opening at Rs. 4,197 against the previous closing price of Rs. 4,189. It touched the intra-day high of Rs. 4,201 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.