MUMBAI, 06 Nov (Commoditiescontrol): On the auspicious occasion of "Labh Panchami", Gujarat’s castor market opened with a stable outlook, as limited selling from farmers kept prices steady. Traders noted that Thursday’s market direction would depend on castor arrivals in mandis. Meanwhile, the futures market reflected a positive trend, signaling potential support for prices.
Today, Gujarat saw approximately 22,000 bags (1 bag = 35 kg) of castor arrive, with an additional 3,000 bags from Rajasthan and 1,000 bags sold directly to mills, totaling around 26,000 bags. Castor prices remained stable at ₹1275-₹1290 per 20 kg.
Due to fluctuations in the futures market, millers adjusted their prices. In Jagana, prices opened at ₹1315 and closed at ₹1320 per 20 kg. N.K. prices rose from ₹1335 to ₹1340, while Kandla moved from ₹1310 to ₹1315 per 20 kg. Castor oil deliveries in Kandla also saw a price increase, with Reddy-Reddy delivery rates rising from ₹1327 in the morning to ₹1333-₹1335 per 10 kg by the day’s end.
On the NCDEX, as of 4:40 PM, the November castor contract rose by ₹61, trading at ₹6585 per quintal, while the December contract gained ₹70, reaching ₹6731 per quintal.
(By Commoditiescontrol Bureau; +91 98201 30172)
0 Comments 
Post Comment 
