Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Castor seed futures witness a marginal drop on NCDEX

22-Nov2012

Castor seed futures witness a marginal drop on NCDEX

Castor seed futures witnessed bearish trade on NCDEX. Improved supply of the commodity in the mandies as well as strong production estimates for the current year lowered the price. Castor oil, extracted from castor seed is the largest vegetable oil exported out of India.

The contract for December delivery was trading at Rs 3548.00, down by 0.48% or Rs 17.00 from its previous closing of Rs 3565.00. The open interest of the contract stood at 99090 lots.

The contract for January delivery was trading at Rs 3633.00, down by 0.06% or Rs 2.00 from its previous closing of Rs 3635.00. The open interest of the contract stood at 39850 lots on NCDEX.


Related News

View all news

Crude posts strongest session in six years

Crude oil futures extended their rally on Friday, posting strongest session in six years, as the fallout continued from reports that Venezuela could be pushing OPEC to hold an emergency meeting to reverse......

Pulses sowing rises by 10% to 101.96 lakh hectares in the ongoing kharif season

The area under pulses crops stood at 101.96 lakh hectares in the ongoing kharif season so far, as per data compiled by the Agriculture Ministry. This is a rise by 10% as compared to 92.57 lakh hectares......

Nymex crude ends higher on weak dollar

The weakening dollar turned as a blessing in disguise for the crude oil futures and they ended higher on Thursday, mostly on bargain hunting. Though, any sharp gains were restricted, as markets are already......

Top News

View all news

HDFC Bank, ITC, Infosys and Syngene International to see some action

HDFC Bank, India's second largest private bank, cut its base rate by 35 basis points to 9.35%, from the existing 9.70 percent, thereby making loans from the bank cheaper. Earlier in June, the bank had......

RBI governor finally buzzes to the demand, hints at rate cut

Reserve Bank of India (RBI) Governor Raghuram Rajan finally hinting for a rate cut has said that inflation has come down to the comfort zone quicker than expected and he is keeping a watch on......

RIL, ONGC and Lupin to see some action

Reliance Industries (RIL), owner of the world's biggest refining complex, imported nearly 25 percent more oil in July compared with the previous month, when it had slowed purchases due to a planned maintenance......