| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Castor Seed | India | EXW | USD 735.00/MT | August 2026 |
| Castor Seed | India | Spot | USD 734.00/MT | August 2026 |
| Castor Seed | India | EXW | USD 730.00/MT | July 2026 |
| Castor Seed | India | Spot | USD 730.00/MT | July 2026 |
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Castor seed prices in India, which is the largest producer of the crop, were stable to slightly firm during Q3’26. During the initial half of the quarter, the market was still waiting to see how the monsoon sowing season would turn out, and crushers bought at a normal pace. The picture changed by mid-August, when official data showed castor had been sown on only 53% of its normal area in Gujarat, while groundnut and soybean were planted above their usual levels. This pointed to a much smaller harvest in the coming season. Seed prices in local wholesale markets rose from early September and continued to climb through the rest of the month. Since castor seed is the only raw material for castor oil, crushers had to pay more and passed the higher cost on, lifting castor oil prices in both domestic and export markets. Steady demand from lubricant, coatings and chemical users helped crushers absorb the increase without cutting purchases.
Analyst Insight
According to Procurement Resource, in the near term, castor seed prices are likely to stay firm, as the weak sowing season keeps supply tight until the new crop arrives.
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Castor seed markets retained a firm underlying tone during H1 2026 as the marketing cycle progressed and fresh arrivals gradually became less prominent. Gujarat remained central to market formation because of its dominant role in India’s castor cultivation and processing ecosystem. Procurement activity was therefore closely linked to local availability, farmer selling patterns, and processor requirements. At the downstream level, demand for castor oil and its derivatives provided continued support to seed consumption, particularly from industrial and specialty-chemical applications. Export-oriented demand also remained relevant given India’s established position in the international castor-oil supply chain. With the next crop dependent on sowing decisions and monsoon conditions, market participants remained attentive to acreage and weather developments as potential determinants of supply availability later in 2026.
Analyst Insight
Castor seed markets are expected to remain broadly firm in the near term, with processor demand supporting values while improving arrivals and expectations for the next crop could moderate upward momentum.
Castor seed is the seed of Ricinus communis, an oilseed crop grown mainly in warm and semi arid regions. The seeds contain a high proportion of castor oil, valued for its unusual ricinoleic acid content and chemical versatility. Commercial seeds are dried, cleaned and graded before crushing or storage. The untreated seed and its meal contain ricin and other toxic components, so they are not used as ordinary edible oilseeds.
Jayant Agro-Organics Limited, Adani Wilmar Limited, Thai Castor Oil Industries Co. Ltd, Kanak Castor Products Pvt. Ltd.,ITOH Oil Chemicals Co. Ltd.,NK Proteins, Gokul Overseas
CurrencyUS$ (Data can also be provided in local currency)
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Castor is planted in well-drained soil and grown until the seed capsules mature and dry. The crop is harvested manually or mechanically, after which capsules are sun-dried or mechanically dried to ease seed separation. Threshing or decortication releases the seeds from the capsules. The seeds are then cleaned to remove dust and plant matter, dried to safe moisture levels, graded by size and quality, and packed or sent for oil extraction.
Castor seed is mainly crushed to obtain castor oil, which is used as a raw material in lubricants, greases, paints, coatings, soaps, cosmetics, pharmaceuticals and specialty chemicals. Castor-oil derivatives are also used in nylon and polyurethane production, plasticizers, surfactants, hydraulic fluids and bio-based polymers. The residual seed cake may be used as an organic fertilizer after suitable detoxification, but untreated meal is unsuitable for feed because of ricin.
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