Castor seed market continues to trade lower on Tuesday despite lower arrivalsand sellers’s unwillingness to sell at current price. Overall tone turns weak as major buyers remain sidelined. Demand for castor products like oil, meal is negligible at this point of time. Rains in major growing belts of Gujarat except Kutchh has encouraged sowing of castor seed. However, it is in initial stage.·It would be too early to say about area shift from castor to guar or vice -versa. However, guar sowing activities have picked up in Gujarat and Rajasthan. Rainfall during next one month would remain crucial. There is a general view that castor production would be higher by 3 to 4 lakh tonne from last year,given the normal weather condition in August and Sept.
23 जुलाई 2014
Castor Sowing Picks Up In Gujarat/Andhra Pradesh
Castor seed market continues to trade lower on Tuesday despite lower arrivalsand sellers’s unwillingness to sell at current price. Overall tone turns weak as major buyers remain sidelined. Demand for castor products like oil, meal is negligible at this point of time. Rains in major growing belts of Gujarat except Kutchh has encouraged sowing of castor seed. However, it is in initial stage.·It would be too early to say about area shift from castor to guar or vice -versa. However, guar sowing activities have picked up in Gujarat and Rajasthan. Rainfall during next one month would remain crucial. There is a general view that castor production would be higher by 3 to 4 lakh tonne from last year,given the normal weather condition in August and Sept.
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