India Castormeal Extraction (FOR) Price Trend (US$/MT)

Key Takeaway

• Factors affecting Groundnut Ext. (FOR) (Bulk) (Ex-Mundra) 45/2.5 prices: Prices are primarily influenced by groundnut production, seed availability, mandi arrivals, crushing volumes, meal inventories and crusher margins. Since the product is mainly used as a protein-rich feed ingredient, demand from poultry, dairy, livestock and aquaculture sectors is a key driver, while groundnut seed prices, groundnut oil prices and extraction yields determine the economics of meal production. For bulk material supplied from Mundra, domestic and export demand, international groundnut meal prices, competing origins, currency movements, freight, port handling costs and export orders are particularly important.
• The FOR delivery basis also makes inland transportation and delivery costs relevant to the quoted price. Protein content, residual oil, moisture, fibre and aflatoxin levels can create significant quality-based premiums or discounts. Seasonal groundnut arrivals, inventory levels, competing protein meals such as soybean, rapeseed and sunflower meal, government trade policies, export regulations and trader activity further influence short-term price movements.