Average Castor Seed Prices – Dec 2017 – (US $702/MT); Average Castor Oil Prices – Dec 2017 – (US $1484/MT); Average Castor Meal Prices – Dec 2017 – (US $72/MT)

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Castor Seed Prices in 2015 – An Analysis by CastorOil.in

Posted on January 8, 2016 by Gayathri

Castor seed prices have traded in the range of Rs. 3600 – Rs. 4200/quintal in 2015. The prices have remained range-bound till October due to a comfortable supply situation. The week rupee and lower prices led to healthy demand and hence the seed prices increased to Rs. 4200/quintal in November, tracking good export demand to China and EU in the latter half of the year.

Prices have increased to Rs. 4215/quintal in November, compared to seasonal low of Rs. 3500/quintal in February 2015. It is expected that the prices will trade in the range of Rs. 4000 – Rs. 4300/quintal before the new crop arrivals pick up in February 2016. (Read more from here)

The average prices for each month are presented below.

2015 2014
Month Rs./Quintal Month Rs./Quintal
Jan 2015 4486.6 Jan 2014 4275.6
Feb 2015 4013.5 Feb 2014 4079.4
Mar 2015 3646.8 Mar 2014 4193.3
Apr 2015 3631.3 Apr 2014 3947.7
May 2015 3830.6 May 2014 3916.6
Jun 2015 4021.8 Jun 2014 4078
July 2015 3991.1 Jul 2014 4241.7
Aug 2015 3992.6 Aug 2014 4247.7
Sep 2015 4160.1 Sep 2014 4096
Oct 2015 4115.3 Oct 2014 4527.8
Nov 2015 4215.2 Nov 2014 4731.3
Dec 2015 3920.8 Dec 2014 4612

 

NCDEX castor seed prices

Yearly average prices:

2014 – Rs.4245/quintal

2015 – Rs.4002.1/quintal

Some observations:

  • Starting with a high of Rs 4500/quintal, the lowest price reached during the year (about Rs 3600/quintal) is almost 20% lower than the highest price during the year.
  • Even though the price almost touched Rs 3600/quintal during 2015, we can see that it has remained almost at or above Rs 4000/quintal for most of the months (9/12 months, it has been Rs 3900 and above), so one can say that Rs 40/Kg (and for a few months above 40) was the dominant price of castor seeds during 2015.
  • In 2014, though the prices have started off at a price lower than 2015, the price trend has remained somewhat stable during February to June compared to 2015. During the end of the year, in the months of Oct to Dec, the prices have reached very high compared to 2015.  The prices have been above Rs.40/kg except for two months.
  • When we compare the yearly average prices, the average price for 2014 is Rs.4245/quintal, while that for 2015 is Rs.4002.1/quintal which shows a 5.7% reduction in price in 2015.

This entry was posted in Castor Prices, Castor Seeds _ Market and tagged castor market, castor prices, Castor Seeds Price, NCDEX by Gayathri. Bookmark the permalink.

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