Castor seed prices spurted by 0.68 per cent to Rs 4,018 per quintal in futures trading today as traders enlarged positions, driven by strong demand in domestic as well as global markets. At the NCDEX, castor seed futures for June 2015 contract were trading at Rs. 4,018 per quintal tonnes, down by 0.68 per cent, after opening at Rs. 3,990 against the previous closing price of Rs. 3,991. It touched the intra-day low of Rs. 3,986 till the trading. Traders said a steep rise in castorseed prices was mostly supported by thin supplies from growing belts amidst strong demand from consuming industries in the physical markets. In addition, rising export demand, particularly from China and Europe, too influenced prices. Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery.For more information ✆ - 0731-6642300 on
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