Indication of higher demand for castor oil started emerging on ground
level with increased enquiry from major importers like China,EU and
US.More dip in seed price is unlikely and seed market is expected to
stablize around Rs 3350 to Rs 3500 per qtl,despite expectation of higher
arrivals.Notably, oil export decreased by 7.22 percent from 4.60 to
4.29 lakh tonne in 2014 ownig to higher prices and sluggish demand from
overseas buyers.
Market experts have started pridicting considerable rise in castor oil
export this year.It may increase by 15 percent from 4.29 lakh tonne to
over 5 lakh tonne in 2015.Castor oil and its derivatives have many
applications inagriculture, cosmetics, electronics &
telecommunications, food, lubricants, paints, inks and adhesives, paper,
perfumeries, pharmaceuticals, plastics and rubber and textile
chemicals.
As crop size is slightly higher(2 lakh tonne) than last year,seed may
get support at price front in the second half of the year.Total
availability of seed including carryout would be around 19 lakh tonne
this year while consumption is expected at 14 lakh tonne for next
year.On paper it looks comfortable right now.However,stock holding would
create short supply like condition June onward.So price would follow
the similar trend we have witnessed last year.The bottom side would be
Rs 3300-3400 while the top level might be 4500/4600 by the end of
October -Nov.2015.
Market expert says that China has covered 85 percent of its annual
need(1.8 lakh tonne),EU and US too have covered 80 percent of their need
so far.EU and US annual need is expected to be 1.20 and 0.60 lakh tonne
respectivey. Demand from other countries is likely to improve in the
month of April as buyers are waiting for higher arrivals.Farmers are
receiving much lower price and if the similar trend continues that may
reduce their castor acreage this year starting from July. ...agriwatch
कोई टिप्पणी नहीं:
एक टिप्पणी भेजें