Login ID:
Partner Login
Contact Us : 7066511911

Castor Market Sees Volatility; Conference Outcomes and Global Cues Key

22 Feb 2024 5:30 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, 22 Feb (Commoditiescontrol): The castor market experienced mixed signals today. PositiveNN sentiment in the futures market initially drove spot prices up by 5 rupees per 20 kilograms. The ongoing castor conference in Ahmedabad also contributed to price gains.

However, Prime Minister Narendra Modi's visit to North Gujarat led to market closures in Banaskantha, reducing castor arrivals. Estimated arrivals are approximately 50,000 bags (1 bag = 35 kilograms). Futures trading showed muted activity.

Jagana Shippers opened at ₹1170 per 10 kg and closed at ₹1165 per 20 kg. N.K. opened at ₹1190 per 10 kg and closed at ₹1180 per 10 kg. Kandla prices remained stable throughout the day at ₹1160-1175 per 10 kg. Reddy castor oil on the Kandla delivery condition opened at ₹1198 per 10 kg and closed at ₹1190-1195 per 10 kg.

Experts anticipate ongoing market fluctuations. Conclusions from the castor conference and cues from international markets will be crucial factors in determining future price trends.

(By Commoditiescontrol Bureau; +91-9820130172)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Post Comment  

Latest Market Commentary
DCE Oil Complex Mid-Day Closing 24 Jun 2024
Palm Oil Futures Edge Up in Range-Trading Amid Weaker C...
Gujarat Castor Market Remains Stable Amidst Reduced Arr...
Peanut Prices Rise in Saurashtra Amidst Strong Crushing...
OIL SPOT PRICES : 22-Jun-2024
Top 5 News
Government Imposes Stock Limit on Wheat
ZCE Cotton and Yarn Mid-Day 24 Jun 2024
DCE Oil Complex Mid-Day Closing 24 Jun 2024
Cotton Prices Rise in Lower Rajasthan as Spinning Mills...
Top 5 Special Reports
Weekly: ICE Sugar Return To Losses on Robust Brazilian ...
Weekly: Cotton Extends Week of Losses as Strength of Do...
US soybean net sales for June 7-13 at 556,500 MT, up 48...
US cotton net export sales for June 7-13 at 189,000 RB,...
Government Raises Kharif Crop MSPs for 2024-25, Enhanci...
Copyright © CC Commodity Info Services LLP. All rights reserved.