|Castor Strategy Till 07/01/15|
|Security||Trend||Lower Side||Upper Side||Recommendation|
|Castor||Down||3950||4900||Sell on High|
|Risk to View:||Demand side pressure may keep prices high|
>Low supply and increasing industrial demand is supporting castor prices.
>Gujarat farmers approached Future Market's Commission to ban future trading as it is making castor prices highly volatile.
>Export of castor seed meal fell marginally to 4.67 lakh tonnes from 4.95 lakh tonnes in this crop year.
>1.96 million tons production estimate is expected to fall due to unseasonal rainfall that damaged good amount of crop.
|Major Events Affecting Castor:|
|>Govt has released first adv. Estimate of food grains for 2014-15 on 19, Sept, 2014. The govt. has estimated 19.63 lakh tonne production this year against the target of 16.65 lakh tonne.|