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

Limited Castor Arrivals Bolster Prices in Gujarat; Market Strengthens Amid Strong Millers' Demand

14 Sep 2024 4:50 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI, 14 Sep (Commoditiescontrol): The castor market in Gujarat saw firming prices today due to limited arrivals and robust demand from millers. Prices across the state increased by ₹5-10 per 20 kg. The slowdown in arrivals was attributed to the closure of several mandis in the Banaskantha region, following the observance of Agyaras.

Traders highlighted that for the next four months, shippers will need to rely on previously purchased stock through the billing system, as new supply is expected to remain constrained. The future direction of the market hinges on how arrivals develop in the coming days.

Today, total castor arrivals amounted to approximately 23,000 bags (1 bag = 35 kg), with 18,000 bags from Gujarat, 4,000 from Rajasthan, and 2,000 bags going directly to mills. Prices ranged between ₹1,205 and ₹1,220 per 20 kg.

The limited supply and steady demand from millers led to upward price adjustments. In the morning session, Jagana shippers quoted ₹1,247, which rose to ₹1,250 by the end of the day. Similarly, N.K. prices moved from ₹1,248 to ₹1,250, and Kandla prices fluctuated between ₹1,235-1,250 in the morning, finally closing at ₹1,240-1,250 per 20 kg.

In the castor oil segment, Kandla delivery prices for Reddy-Reddy started at ₹1,252-1,253 per 10 kg in the morning and climbed to ₹1,255-1,257 per 10 kg by the end of the session.

(By Commoditiescontrol Bureau; +91 98201 30172)


       
  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
CBOT CLOSE:01-Nov-2024
DCE Oil Complex Evening Closing - 01 Nov 2024
CBOT CLOSE:31-Oct-2024
DCE Oil Complex Evening Closing - 31 Oct 2024
Thailand Suspends Raw Palm Oil Exports Amid Production ...
more
Top 5 News
CBOT CLOSE:01-Nov-2024
DCE Oil Complex Evening Closing - 01 Nov 2024
ZCE Cotton And Yarn Evening Closing - 01 Nov 2024
CBOT CLOSE:31-Oct-2024
ZCE Cotton And Yarn Evening Closing - 31 Oct 2024
Top 5 Special Reports
US cotton net sales for Oct 18-24 at 189,400 RB, up 12 ...
US soybean net sales for Oct 18-24 at 2,273,300 MT, up ...
Weekly: ICE Sugar Prices Dip Amid Higher Brazilian Prod...
Weekly: ICE Cotton Futures Face Pressure as Harvest Pro...
USDA Weekly Export Sales Report: Cotton Exports Soar 70...
Copyright © CC Commodity Info Services LLP. All rights reserved.