Here shared is a gem from Paradigm’s resources. 37 Year Castor Seed Price chart, you may find it online or offline with a difficult search, also might not be fortunate enough to find.
Chart depicts price journey from Rs 335/100Kg of 1985 to Rs 7700/100Kg of today. Apart form price movement chart cannot share the events that happened during that time span. Particularly which were not documented, castor seed has many such historical events in relation to its derivative trading. Its derivative trading has a long history, much more than today’s online traded derivatives. This commodity has witnessed multiple disturbing events like future contract delisting’s/suspensions/bans, price cartels, defaults at regional as well as national level trading platforms. But its participants vibrant spirits blow life to its derivatives again and again, this compel us to believe in mythical Phoenix.
Timing of sharing this chart is not coincidental, it’s a deliberate effort to tell all participants that it has once again rejuvenated; NCDEX OI reached 75K+ from lows of 28K, number of participants also increased, price is hovering around all time high.
You Hate castor or You love castor; your choice; but you can not Ignore Castor.
In derivative market Castor and Guar are Jay and Veeru of Sholay…. Happy Trading…… Biren Vakil
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