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Castor Oil Price Trend Analysis 2026: Market Insights, Latest News, Historical Prices, Price Drivers & Supply Demand Analysis

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Castor Oil Price Trend Q1 2026

Product Region Incoterm Basis Price Last Updated Month
Castor Oil China CIF USD 666.06/MT April 2026
Castor Oil USA FOB USD 764.06/MT April 2026
Castor Oil Netherlands CIF USD 724.06/MT April 2026
Castor Oil India FOB USD 674.06/MT April 2026
Castor Oil Thailand FOB USD 679.06/MT April 2026
Castor Oil China CIF USD 1,435.90/MT March 2026
Castor Oil USA FOB USD 1,464.61/MT March 2026
Castor Oil Netherlands CIF USD 1,493.91/MT March 2026
Castor Oil India FOB USD 1,404.27/MT March 2026
Castor Oil Thailand FOB USD 1,432.36/MT March 2026

Stay updated with the latest Castor oil prices, historical data, and tailored regional analysis 

  • Castor oil prices in India trended lower in Q1 2026, reflecting typical seasonal patterns as the domestic harvest cycle brought increased supply to the market.
  • The arrival of fresh castor seed during the harvest season expanded feedstock availability, easing input costs and exerting downward pressure on crude castor oil valuations.
  • Downstream demand from key consuming sectors such as paints and coatings offered partial support, though it was insufficient to offset the supply-driven decline.

The prices of Castor Oil in India witnessed a significant decrease of 6.2% during Q1 2026 as prices declined from Rs. 139.73/kg (FOB) in January to Rs. 134.24/kg in March as the domestic harvest season gained momentum and substantially larger quantities of fresh Castor Seeds entered the market. The continuous increase in fresh Castor Seeds received at farms directly resulted in increased feedstock availability for oil processing units, thereby increasing processing activity and consequently crude Castor Oil production in prominent locations in Gujarat and Rajasthan.

This sustained rise in domestic supply created a persistent overhang that consistently outpaced concurrent demand signals. On the demand side, procurement activities from the paint industry and industrial lubricant manufacturers remained relatively stable and provided some support to prices; however, demand remained insufficient to soak up the increase in Castor Oil supply.

Analyst Insight

According to Procurement Resource, castor oil prices are expected to stabilize as harvest driven supply pressures ease, with downstream demand likely to provide a modest floor heading into Q2.

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Product Category Region Price Last Updated Month
Castor Oil Agriculture, Farming and Commodity India 1525 USD/MT October 2025
Castor Oil Agriculture, Farming and Commodity India 1555 USD/MT December 2025

Stay updated with the latest castor oil prices, historical data, and tailored regional analysis

The Indian market for Castor Oil experienced notable volatility throughout the fourth quarter of 2025, reflecting shifting supply-demand dynamics and seasonal factors. The monthly average prices were about 1525 USD/MT (FOB) in October and around 1555 USD/MT in December. The opening period witnessed progressive appreciation as prices climbed from their early-October levels, driven by increased export buying activity and concerns over reduced carry-forward stock levels, which remained below the three-year average. Unseasonal rainfall during the latter part of the monsoon season created uncertainty regarding crop conditions, supporting temporary price strength.

Mid-quarter developments brought peak pricing as market participants responded to these supply concerns, while cultivation area data revealed mixed signals. Although total planting for the season showed modest increases compared to the previous year, with Gujarat and Rajasthan contributing most of the expansion, overall acreage remained below historical averages as farmers favoured alternative crops with higher government support prices. The latter portion of the quarter introduced a gradual softening as industrial demand weakened, and the main harvesting season concluded. Daily seed arrivals stabilized at low levels as available supplies diminished.

About Castor Oil

Castor oil or Ricinus Oil is a vegetable oil derived from Ricinus communis, a common plant native to the Eastern regions of the world. It is a viscous oil that appears to be clear, colourless to amber or greenish and has a subtle distinct smell. It is widely known for its laxative properties and has many other applications.

Castor Oil Product Detail

Hs Code
15153090
Chemical Formula

C57H104O9

Cas Number
8001-79-4
Molecular Weight
933.43026 g/mol
Industrial Uses

In the production of hair oils, cosmetics, fungistatic (fungus-growth-inhibiting) compounds, paints, cold-resistant plastics, printing inks, embalming fluid, dyeing aids, soap, lubricants, perfumes, pharmaceuticals, waxes, greases and hydraulic brake fluids, and textile finishing materials; as a food preservative, additives, and flavouring; in packaging, and mould inhibitors of food items.

Synonyms

Castorbean oil, 8001-79-4, Ricinus oil, Oleum Ricini, Oil of palma christi, Ricinus communis oil, Tangantangan oil, Cosmetol, Crystal O

Supplier Database

HOKOKU Co., Ltd, Jayant Agro-Organics Limited, Thai Castor Oil Industries Co., Ltd., Tongliao Tonghua Castor Chemical Co., Ltd., Taj Agro Products Limited, Kanak Castor Products Pvt., Ltd., Liaoyang Huaxing Chemical Co., Ltd.

Regional Coverage

Asia Pacific

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe

Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America

United States and Canada

Latin America

Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa

South Africa, Nigeria, Egypt, Algeria, Morocco

CurrencyUS$ (Data can also be provided in local currency)

Supplier Database AvailabilityYes

Customization ScopeThe report can be customized as per the requirements of the customer

Post-Sale Analyst Support360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Castor Oil Production Processes

Castor oil is obtained by screw pressing dehulled and cleaned castor seeds. The seeds are cooked, dried, and then pressed to extract the oil.

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