MUMBAI, 09 Nov (Commoditiescontrol): Due to high arrival pressure, Castor prices in Gujarat's spot market softened by ₹5-₹10 per 20 kg today. With the futures market closed, millers made minimal adjustments in pricing. If arrivals decrease in the coming days, there could be a potential rise in prices, although there is currently no major trigger for a sharp increase.
Today, Gujarat recorded an arrival of approximately 25,000 bags of castor seed (1 bag = 35 kg), with an additional 3,000 bags from Rajasthan and 1,000 bags directly delivered to mills, totaling around 29,000 bags. Castor seed prices held steady, ranging between ₹1,275 and ₹1,290 per 20 kg.
As the futures market was closed, major shippers maintained steady rates: Jagana at ₹1,323, NK at ₹1,345, and Kandla at ₹1,320 per 20 kg. Meanwhile, castor oil for Kandla delivery on a ready basis remained stable at ₹1,335-₹1,337 per 10 kg throughout the day.
(By Commoditiescontrol Bureau; +91 98201 30172)
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