Mumbai, June 28 (CommoditiesControl): The castor market in Gujarat remained stable today, supported by consistent buying activity from mills with low inventory levels. Traders reported limited price fluctuations despite reduced arrivals due to rainfall. Market sentiment is expected to be influenced by future selling patterns.
Approximately 45,000 bags (1 bag = 35 kg) arrived in Gujarat, with an additional 10,000 bags from Rajasthan. Direct mill purchases accounted for 5,000 bags, resulting in a total of 60,000 bags traded. Castor prices remained stable at Rs 1120-1135 per 20 kg.
Futures market activity was muted, leading to stable prices for various castor varieties, including Milovalo, Jagana Sheeperso, N.K., and Kandla. Castor oil prices also remained unchanged.
The castor market in Gujarat displayed stability due to sustained mill buying, offsetting the impact of reduced arrivals. Future market trends will depend on selling patterns in the coming days.
(By Commoditiescontrol Bureau; +91-9820130172)
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