Castorseed prices fell by 0.54 per cent on
Friday at the National Commodity & Derivatives Exchange Limited
(NCDEX) as a result of fresh supply of the commodity in the major
mandies as well as strong production estimates. At the NCDEX, castor
seed futures for September 2015 contract was trading at Rs. 4,072 per
quintal tonnes, down by 0.54 per cent, after opening at Rs. 4,077
against the previous closing price of Rs. 4,094. It touched the
intra-day low of Rs. 4,071 till the trading. (At 12.45 PM today).
Castor oil, extracted from castor seed is the largest vegetable oil
exported out of India. India is the biggest exporter of castor oil
holding about 70 per cent share of the international trade in this
commodity followed by China & Brazil.
Read more - Agri tips
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