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Friday, 27 March 2015 18:39

Castor

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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
Today's Update:

>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.
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