Mumbai, May 03, (Commoditiescontrol): The castor market has seen a notable uptick attributed to heightened purchasing activity among stockists. Notably, the past two days have witnessed an increase in stockist acquisitions, coinciding with castor prices dipping below the Rs 1100 mark, a trend that persisted today. This surge in buying by stockists has contributed to a moderate rise in castor prices, with an increment ranging between Rs 10 to Rs 15 per 20 kg.
Furthermore, market reports indicate a decline in the arrival of castor. Today's figures reveal that approximately 1,45,000 sacks (1 sack = 35 kg) originated from Gujarat, with an additional 13,000 sacks sourced from Rajasthan. The total arrival volume amounted to roughly 1,68,000 sacks, with direct trade of 10,000 sacks observed in Milo. Castor prices remained relatively stable, fluctuating within the range of Rs 1090-1110 per 20 kg.
Noteworthy price points included Jagana Sheparso, which began the day at Rs 1130 and concluded at Rs 1135, while Kandla witnessed a similar trajectory, starting at approximately Rs 1135 and concluding at Rs 1140. Kandla's morning price maintained consistency within the range of Rs 1120-1125 per 20 kg. Additionally, the price of Reddy-Reddy on Kandla Delivery Sharat in castor oil remained unchanged throughout the day at Rs 1143-1145 per 10 kg.
On the NCDEX platform, as of 16:48 hours, the May contract of castor was observed trading at Rs 5647 per quintal, marking a decrease of Rs 10, while the June contract was noted at Rs 5742 per quintal, showing a decline of Rs 8.
(By Commoditiescontrol Bureau; +91-9820130172)
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