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Castor Seed News - Government Orders to Investigate Heavy Lifting in Castor Seed in NCDEX
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Government Orders to Investigate Heavy Lifting in Castor Seed in NCDEX

In view of the difficulties in NCDX, BSC has made 03 new contracts available for trading in castors, whose delivery center will be Patan {Gujarat}.Castor seed prices fell again in last couple of day’s trading session. For the last few days or so, in only 7 trading sessions, castor seed has dropped 30 percent from its upper level. On the other hand, on the day when the castor seed futures were launched on the BSE, the purchase of castors on NCDEX was seen, but yesterday once again on the third trading day of the week, the castor has started the reverse. In such a situation, traders say that the exchange changed the rules repeatedly, imposed margins and then removed, which created a panic situation in the market, which broke the price and also had an impact on the spot business.It has caused a huge loss to businessmen and farmers. They say that if they estimate, there is a loss of about 500-600 crores. The traders have accused the officials of the exchange of collusion. 

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