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03 May 2016

Castor Oil Ave Export Quote Decline To $1095.69 Per T

New Delhi. India exported 16542.23 MT castor oil during week ended 24th April-2016 at an averageprice of $1095.69 per MT. It is higher by 187% from previous week. However, price realization has decreased by 8.67% from last week. The maximum and minimum prices were registered at $1978.57 and $495.14 per MT. Castor oil export would continue to stay steady as prices are ruling lower than normal expectation and availability is higher. Major importers like China followed by USA and Netherlands are stocking oil, taking advantage of lower price. Even non regular buyer/consumer like Malaysia is making inventory taking advantage of lower price.

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