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Castor Oil Prices, Demand and Supply Overview
2025
Base Year
2023-2025
Historical Period
2026-2027
Forecast Period
Market Overview
Castor Oil prices in Germany, the highest-cost reporting region, corrected 5.0% in Q2 2026, slipping from USD 1.622/KG in Q1 to USD 1.541/KG as Ricinus communis seed supply improvement from new Indian crop and post-spring lubricant, polyurethane resin, and pharmaceutical excipient procurement moderation reversed the sustained Q3 2025 through Q1 2026 firming trend. Globally, the average eased from USD 1.214/KG in Q1 to USD 1.153/KG in Q2, a 5.0% decline. For H2 2026, a global average of USD 1.13-1.27/KG is expected, with stabilisation as castor seed crop costs normalise and steady lubricant, polymer, and pharmaceutical sector demand supports the market.
Castor Oil is a pale yellow fixed non-drying vegetable oil expressed or solvent-extracted from seeds of the perennial Ricinus communis plant, cultivated predominantly in Gujarat, Rajasthan, and Andhra Pradesh in India, which produces approximately 70 to 75 percent of world castor seed and oil, with China and Brazil as secondary producers. The oil contains approximately 90 percent ricinoleic acid, the 12-hydroxy C18:1 monounsaturated fatty acid that imparts unique viscosity-temperature stability, high boiling point, and polar solvent solubility. The largest pull comes from high-performance lubricant formulation for aircraft, racing vehicle, and industrial extreme-pressure applications where ricinoleic acid provides superior boundary lubrication. Polyurethane resin and elastomer manufacture using castor oil as a biobased polyol, pharmaceutical laxative and drug solubiliser, cosmetic lipstick formulation, and Nylon 11 and sebacic acid derivative production add further demand. Sebacic acid derivatives for Nylon 6,10 and biodiesel castor methyl ester add further volumes. Indian castor seed crop harvest and pricing, competing vegetable oil prices, and regional crushing capacity all feed into the price.
Castor Oil Price Forecast for 2026
The balance of supply and demand for Castor Oil through H2 2026 leans toward stabilisation after the Q2 correction. Indian castor seed crop economics are normalising. Lubricant, polyurethane resin, and pharmaceutical demand provide consistent support at current price levels.
The main upside risk is Indian monsoon crop disruption or acreage reduction alongside accelerating biobased polyurethane and Nylon 11 demand. The main downside risk is expanded Indian castor seed production and competing petroleum-derived lubricant pricing maintaining pressure below the forecast range.
| Region | Price Forecast (USD/KG) | Key Driver |
| Global Average | 1.13 - 1.27 | Crop cost normalisation and lubricant/polymer/pharma demand |
| United States | 1.16 - 1.30 | Steady lubricant and polymer demand holds firm |
| China | 0.808 - 0.948 | Proximity to Indian supply keeps it comparatively affordable |
| Germany | 1.46 - 1.60 | High import logistics and energy costs keep it the most expensive |
| India | 1.13 - 1.27 | Primary producer and growing domestic demand holds a firm middle |
For the Quarter Ending June 2026
Castor Oil Prices Q2 2026:
- United States: USD 1.245/KG
- China: USD 0.864/KG
- Germany: USD 1.541/KG
- India: USD 1.193/KG
Castor Oil Prices in the United States
US Castor Oil prices averaged USD 1.245/KG in Q2 2026, down 5.0% from USD 1.311/KG in Q1 2026. Indian castor seed supply improvement and post-spring lubricant and polyurethane procurement moderation eased the market from the Q1 peak.
Why did the price of Castor Oil change in Q2 2026 in the United States?
Improved Indian castor seed supply from the spring crop reduced the oil production cost floor. Post-spring lubricant, polyurethane resin, and pharmaceutical laxative procurement moderation eased buying urgency. Price normalisation held near USD 1.245/KG after the Q1 firming peak.
Castor Oil Prices in China
Chinese Castor Oil prices averaged USD 0.864/KG in Q2 2026, down 4.9% from USD 0.909/KG in Q1 2026, the lowest among the tracked markets. Improved Indian seed supply and post-spring lubricant and resin procurement moderation eased the market from the Q1 firming peak.
Why did the price of Castor Oil change in Q2 2026 in China?
Improved Indian castor seed supply reduced procurement costs. Post-spring lubricant and polyurethane procurement moderation eased buying urgency. Proximity to Indian production maintained comparatively affordable pricing near USD 0.864/KG.
Castor Oil Prices in Germany
German Castor Oil prices averaged USD 1.541/KG in Q2 2026, down 5.0% from USD 1.622/KG in Q1 2026, the highest among the tracked markets. Improved Indian seed supply easing import costs and post-spring polyurethane and lubricant procurement moderation eased the European market from the Q1 firming peak.
Why did the price of Castor Oil change in Q2 2026 in Germany?
Improved Indian castor seed supply reduced import oil costs. Post-spring polyurethane resin, lubricant, and cosmetic procurement moderation reduced buying urgency. The market corrected to USD 1.541/KG from the Q1 firming peak.
Castor Oil Prices in India
Indian Castor Oil prices averaged USD 1.193/KG in Q2 2026, down 5.0% from USD 1.256/KG in Q1 2026. New spring castor seed crop arrival eased domestic oil production costs and post-spring export and domestic procurement moderation eased the market from the Q1 firming peak.
Why did the price of Castor Oil change in Q2 2026 in India?
New spring castor seed crop arrival eased oil crushing costs. Post-spring lubricant, polyurethane, and pharmaceutical export and domestic procurement moderation reduced urgency. Price normalisation held near USD 1.193/KG after the Q1 peak.
For the Quarter Ending March 2026
Castor Oil Prices Q1 2026:
- United States: USD 1.311/KG
- China: USD 0.909/KG
- Germany: USD 1.622/KG
- India: USD 1.256/KG
Castor Oil Prices in the United States
US prices averaged USD 1.311/KG in Q1 2026, up 4.0% from Q4 2025. Firmer Indian castor seed costs and lubricant and polyurethane resin procurement held the market at the Q1 peak.
Why did the price of Castor Oil change in Q1 2026 in the United States?
Firmer Indian castor seed and oil import costs raised the production floor. Lubricant, polyurethane resin, and pharmaceutical procurement maintained elevated buying. The market held at USD 1.311/KG before the Q2 seed supply improvement correction.
Castor Oil Prices in China
Chinese prices averaged USD 0.909/KG in Q1 2026, up 4.0% from Q4 2025. Firmer Indian seed import costs and lubricant and resin procurement held near USD 0.909/KG.
Why did the price of Castor Oil change in Q1 2026 in China?
Firmer Indian castor seed import costs raised the production floor. Lubricant and polyurethane procurement maintained elevated buying. The market held at USD 0.909/KG before the Q2 seed supply correction.
Castor Oil Prices in Germany
German prices averaged USD 1.622/KG in Q1 2026, up 4.0% from Q4 2025. Firmer Indian seed import and logistics costs and polyurethane and lubricant procurement held the market at the Q1 firming peak.
Why did the price of Castor Oil change in Q1 2026 in Germany?
Firmer Indian castor oil import and logistics costs raised the production floor. Polyurethane resin, lubricant, and cosmetic procurement maintained elevated buying. The market held at USD 1.622/KG before the Q2 seed supply correction.
Castor Oil Prices in India
Indian prices averaged USD 1.256/KG in Q1 2026, up 4.0% from Q4 2025. Firmer domestic castor seed costs and lubricant and polyurethane export and domestic procurement held the market at the Q1 firming peak.
Why did the price of Castor Oil change in Q1 2026 in India?
Firmer domestic castor seed costs raised the oil production floor. Lubricant, polyurethane, and pharmaceutical export and domestic procurement maintained elevated buying. The market held at USD 1.256/KG before the spring crop arrival and Q2 correction.
Quarterly Castor Oil Price Trends
Global Castor Oil prices rose steadily through Q3 2025, Q4 2025, and Q1 2026 on firming Indian castor seed costs and consistent lubricant and polymer demand before correcting in Q2 2026. The average climbed from USD 1.10/KG in Q2 2025 to USD 1.122/KG in Q3, USD 1.167/KG in Q4, and USD 1.214/KG in Q1 2026, then corrected to USD 1.153/KG in Q2 2026, a net gain of about 4.8% over the window. Indian castor seed crop economics and lubricant, polyurethane, and pharmaceutical procurement drove the firming before the Q2 seed supply correction.
| Quarter | Price (USD/KG) | QoQ Change | Direction |
| Q2 2026 | 1.153 | -5.0% | ↓ Falling |
| Q1 2026 | 1.214 | +4.0% | ↑ Rising |
| Q4 2025 | 1.167 | +4.0% | ↑ Rising |
| Q3 2025 | 1.122 | +2.0% | ↑ Rising |
| Q2 2025 | 1.100 | - | - Stable |
| Q3 2026 | In Progress | - | - In Progress |
What was Castor Oil Price in 2025?
Castor Oil prices firmed through 2025 on consistent lubricant and polymer demand. The global average opened near USD 1.064/KG in Q1 2025 and closed at USD 1.167/KG in Q4, a full-year gain of about 9.7%. Indian castor seed crop economics and lubricant, polyurethane, and pharmaceutical procurement drove the upward trajectory throughout the year.
Castor Oil Prices in the United States in 2025
US prices firmed from about USD 1.208/KG in Q1 2025 to USD 1.261/KG by Q4, a gain of 4.4%. Consistent lubricant and polymer demand maintained the upward trend.
Castor Oil Prices in China in 2025
Chinese prices firmed from roughly USD 0.838/KG in Q1 2025 to USD 0.874/KG by Q4, a gain of 4.3%. Growing lubricant and polyurethane demand drove moderate firming.
Castor Oil Prices in Germany in 2025
German prices firmed from about USD 1.496/KG in Q1 2025 to USD 1.560/KG by Q4, a gain of 4.3%. Consistent lubricant, polyurethane, and pharmaceutical demand supported the market.
Castor Oil Prices in India in 2025
Indian prices firmed from roughly USD 1.158/KG in Q1 2025 to USD 1.208/KG by Q4, a gain of 4.3%. Growing domestic and export demand drove consistent firming.
How We Can Help
Expert Market Research: Your Source for Real-Time Castor Oil Price Intelligence
Expert Market Research tracks Castor Oil prices continuously across every major producing and consuming region. The team traces causation through Indian castor seed crop economics, lubricant and polyurethane resin procurement cycles, and regional crushing and export capacity. Contact Expert Market Research today for Castor Oil pricing data, bespoke market analysis, and strategic procurement advisory.
Key Questions Answered in the Report
High-performance lubricant formulation for aircraft, racing vehicle, and industrial extreme-pressure applications, where the 12-hydroxy ricinoleic acid group provides superior boundary lubrication and thermal stability, takes the largest share. Polyurethane resin and elastomer manufacture using castor oil as a biobased polyol hydroxyl component, pharmaceutical laxative and drug solubiliser, cosmetic lipstick and hair care formulation, and Nylon 11 and sebacic acid derivative production also consume significant volumes globally.
The Q2 2026 average was USD 1.245/KG in the United States, USD 0.864/KG in China, USD 1.541/KG in Germany, and USD 1.193/KG in India. Germany remains the highest-priced market.
The global average rose to a peak of USD 1.214/KG in Q1 2026 before correcting to USD 1.153/KG in Q2, a 5.0% quarterly decline. Indian castor seed cost firming through Q1 and new crop arrival plus post-spring procurement moderation drove the pattern.
Improved Indian castor seed supply from the spring crop arrival reduced oil production costs. Post-spring lubricant, polyurethane resin, and pharmaceutical procurement moderation reduced buying urgency from the Q1 firming peak.
The global average is expected in the USD 1.13 to 1.27/KG range for H2 2026, with stabilisation as Indian castor seed costs normalise and lubricant, polymer, and pharmaceutical demand resumes.
Germany sits highest on import logistics and energy costs, the United States and India hold a firm middle on lubricant and polymer demand, and China prices comparatively lower on proximity to Indian production.
This report is updated monthly. For real-time pricing intelligence, contact the Expert Market Research team directly.
Prices respond mainly to Indian castor seed monsoon crop yields and acreage, lubricant and polyurethane procurement cycles, and pharmaceutical and cosmetic demand. Indian seed spot prices and crop forecast data are the primary upstream signals.
India accounts for approximately 70 to 75 percent of world castor oil production, followed by China and Brazil. Any Indian monsoon or crop acreage disruption ripples across global markets within one to two quarters.
Buyers can use quarterly trends and forecasts to time lubricant and polyurethane resin contracts around Indian crop cycles, build cover ahead of kharif harvest seasons, and monitor Indian castor seed acreage and monsoon reports as primary demand signals.
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