MUMBAI, 20 Sep (Commoditiescontrol): In Gujarat’s spot market, castor seed prices remained stable with no new declines reported. Traders noted a noticeable hold by bullish market participants on the futures market expiry day, maintaining strength in the spot market. Meanwhile, reduced arrivals in the spot market were balanced by steady demand, keeping prices stable. The market's direction will largely depend on the arrivals on Monday.
Today's arrivals included approximately 32,000 bags (1 bag = 35 kg) from Gujarat, 5,000 bags from Rajasthan, and 2,000 bags from direct mills, totaling around 39,000 bags. Castor seed prices remained stable at ₹1,230-1,245 per 20 kg.
The strength in the futures market led to price increases by shippers. Early morning prices for Jagana shippers were ₹1,280 per 20 kg, rising to ₹1,285 by the end of the day. N.K. shippers maintained a price of ₹1,295, which increased to ₹1,300. Kandla shippers had morning prices of ₹1,265-1,280, closing at ₹1,270-1,285 per 20 kg. Castor oil at Kandla for delivery had a morning price of ₹1,288-1,290 per 10 kg, ending at ₹1,292-1,293.
On the NCDEX, castor seed contracts for September traded ₹64 higher at ₹6,550 per quintal, October contracts rose by ₹76 to ₹6,587, and November contracts increased by ₹85 to ₹6,610 per quintal as of 16:58.
(By Commoditiescontrol Bureau; +91 98201 30172)
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