Commodity Outlook – Castor Seed

agribazaar June 16, 2019

Sowing period: July to August
Harvesting period: December to March
Crop season: Kharif

As per the Solvent Extractors’ Association of India (SEA), all India Castor seed production estimate for 2018-19 is 11.27 Lakh MT which is 21.35 percent lower than the 2017-18 production estimate of 14.33 Lakh MT.
Stock positions of Castor Seed were up by 0.38 percent held at National Commodity Clearing Limited (NCCL) approved warehouses at Bhabhar, Deesa, Kadi and Patan locations. The stocks held as on June 06, 2019 was 1,53,274 MT compared to 1,53,849 MT as on June 13, 2019.
According to IMD’s forecast of below normal or near normal rainfall for 2019 and lower water levels in reservoirs in the major producing states of Castor seed may decrease its production in 2019-20 as compare to 2018-19.
Arrivals are expected to decrease in the coming days due to lower prices in the domestic mandis and lower production estimate.

Note: May Mandi arrivals are for the period: 1 – 20 June, 2019

Note: Markets currently are in Backwardation trend where the Spot market prices are higher than the Futures market prices.

Reply Kourtney • 4 years ago

Thanks for the good writeup. It in reality used to be a entertainment account it.
Look complicated to far delivered agreeable from you!
However, how can we communicate?
Reply Hester • 4 years ago

Good post however I was wanting to know if you could write a litte more on this subject?
I’d be very grateful if you could elaborate a little bit
more. Kudos!
Reply Erwin • 4 years ago

I’m impressed, I must say. Rarely do I encounter a blog that’s equally educative and interesting, and let
me tell you, you have hit the nail on the head. The
issue is something that too few men and women are speaking intelligently about.
I’m very happy I stumbled across this in my search for something
regarding this.
Reply Jesus • 4 years ago

I got this web site from my friend who informed me concerning this web site and at the moment this time I am browsing this website and reading very informative posts at
this place.
Reply Fredric • 4 years ago

Howdy fantastic website! Does running a blog like this require a massive amount work?
I have virtually no knowledge of coding however
I was hoping to start my own blog in the near future.
Anyways, if you have any recommendations
or tips for new blog owners please share. I understand this
is off subject nevertheless I simply had to ask. Thanks!
Reply Willie • 4 years ago

This is my first time go to see at here and i am really happy to read all at alone place.