login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Gujarat Castor Market Remains Stable Amidst Reduced Arrivals and Closed Futures Trading

22 Jun 2024 3:25 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, June 22 (CommoditiesControl):Gujarat's castor market experienced a subdued atmosphere today, with prices remaining stable due to reduced arrivals and the closure of futures trading. Most mandis in the Banaskantha region of North Gujarat were closed due to the full moon, leading to a decline in castor arrivals.

Traders reported an estimated arrival of 30,000 bags (1 bag = 35 kg) in Gujarat, with an additional 7,000 bags from Rajasthan. Approximately 5,000 bags were traded directly with mills, bringing the total to around 42,000 bags. Castor prices held steady at Rs 1115-1130 per 20 kg.

The closure of the futures market resulted in no significant changes in miller prices. Jagana Sheeperso's price remained unchanged at Rs. 1157, N.K.'s price held steady at Rs. 1165, and Kandla's price remained within the range of Rs. 1150-1170 per 20 kg. In the castor oil segment, Reddy-Reddy's price for Kandla delivery remained unchanged at Rs. 1167-1168 per 10 kg.

The Gujarat castor market demonstrated stability today due to the combined effects of reduced arrivals caused by market closures and the absence of futures trading. While prices remained stable, market participants will likely monitor supply levels and futures market activity in the coming days to gauge potential price movements.

(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
0.0

   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 Daily Rates Update ( Time: 19:14 ) - 18 JULY 2024
India, Malaysia Strengthen Cooperation in Agriculture, ...
Castor Market Remains Steady Amid Stable Purchases
Coconut Prices : 18 Jul 2024
Malaysian CPO Futures See Third Straight Day of Gains
more
Top 5 News
ICE/ZCE Daily Rates Update ( Time: 19:15 ) - 18 JULY 20...
DCE Daily Rates Update ( Time: 19:14 ) - 18 JULY 2024
Panjab Sugar Prices -19 July 2024
Madhya Pradesh Sugar Prices -19 July 2024
IGC Raises 2024/25 Global Grains Production Forecast, P...
Top 5 Special Reports
US cotton net sales for July 5-11 at 27,200 RB, hit mar...
US soybean net sales for July 5-11 at 360,100 MT, up 73...
Cotton Spinning Industry Set for Recovery in FY2025, Ex...
USDA Forecasts Global Cotton Production Surge, Expects ...
Argentina's Currency Market Intervention: Will It Reviv...
Copyright © CC Commodity Info Services LLP. All rights reserved.