Castorseed prices fell by 1.47 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for February 2015 contract was trading at Rs. 3,820 per quintal tonnes, down by 1.47 per cent, after opening at Rs. 3,856 against the previous closing price of Rs. 3,877. It touched the intra-day low of Rs. 3,791 till the trading. (At 12.30 PM today). Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding about 70 per cent share of the international trade in this commodity followed by China & Brazil.

Natural Gas futures closed higher in the domestic and overseas market on Wednesday as investors and speculators booked fresh positions in the energy commodity as a cold blast, which was set to hit the northern and eastern US boosted hopes of a pickup in heating demand for the fuel. NatGasWeather.com sees natural gas demand in the US to be high compared to normal through February 17th, 2015. At the MCX, Natural Gas futures for February 2015 contract closed at Rs 179.3 per 1 kg, up by 1.76 per cent after opening at Rs 175, against the previous closing price of Rs 176.2. It touched the intra-day high of Rs 183.2 till the closing.

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