India Castor Meal Price Trend (US$/MT)

Key Takeaway

• Factors affecting Castor Meal Ext. (Bulk) (Ex-Kandla) prices: Prices are primarily influenced by castor seed production, seed availability, mandi arrivals, crushing volumes, extraction yields and castor meal inventories. Since castor meal is a by-product of castor oil production, castor seed prices, castor oil prices, oil extraction margins and processor demand directly affect meal pricing.
• Demand from fertilizer, organic manure and other industrial/agricultural applications is an important driver, while the availability and prices of competing oilseed meals can influence its relative value. As the product is supplied in bulk through Kandla, export demand, international castor meal demand, currency movements, ocean freight, port handling costs and export orders can significantly affect prices. Meal quality, residual oil, protein content, moisture, fibre and other composition parameters also create price differentials. Additionally, seasonal castor arrivals, inventories, processing capacity, government trade policies, export regulations and trader activity contribute to short-term price movements.