Castor Oil Prices in India
| Variety | Market level | Price (US$/kg) | Local (INR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| — | Export (unit value) | 1.48 | 123 | ▼ 7.4% | ▼ 7.4% | UN Comtrade (unit value) |
As of January 2024, the castor oil price in India is US$ 1.48 per kg (123 INR), down 7.4% year-on-year.
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Castor Oil Price History & Trend
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Production, Exports, Imports & HS Codes — castor oil in India
Exports UN Comtrade · 2024
In 2024, India exported $1.04B (701.6 kt) of castor oil▲ 3.2% YoY. That ranks #1 worldwide (87.5% of global exports).
Export value by year (US$)
Export volume by year
Top castor oil exporters worldwide UN Comtrade · 2024
- #1 India $1.04B · 87.5%
- #2 Netherlands $46.3M · 3.9%
- #3 Germany $27.1M · 2.3%
- #4 France $21.7M · 1.8%
- #5 US $14.6M · 1.2%
Annual export data India · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $1.04B | 701.6 kt | $1.48 |
| 2023 | $1.01B | 629.8 kt | $1.6 |
| 2022 | $1.09B | — | — |
| 2021 | $1.05B | 689.8 kt | $1.52 |
| 2020 | $799M | 658.3 kt | $1.21 |
Production FAOSTAT · 2024
India produced 1.59 Mt of castor oil in 2024▼ 19% YoY. It ranks #1 among producing countries (86.5% of world output).
Production by year (tonnes)
HS Code
castor oil is traded under Harmonized System code 1515.30. Trade figures above are compiled for this HS heading.
Sources: trade & HS — UN Comtrade; production — FAOSTAT (FAO). Values are official reported figures.