AmandaWilliams – Page 31

Coffee Prices, Trends & Forecasts | Provided by Procurement Resource

Coffee is an organic beverage produced by the seeds of caffeine plant, which comprises of the compounds like, tannin, carbohydrates, Xanthine, spermidine, Thiamin, citric acid, chlorogenic acid, acetaldehyde, spermine, putrescine, scopoletin, fixed oil, and proteins. Caffeine is present as the salt of chlorogenic acid (CFA) in Coffee seeds. Coffee naturally contains a few varieties of natural sugars such as, sucrose, glucose and fructose. It is roasted for commercia usage as a common and preferred beverage variety along with tea and soft drinks.

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The key importing countries for Coffee include the Unites States, India and Germany. On the other hand, the primary exporting countries for the same are India, China and Vietnam.

Key Details About the Coffee Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Coffee price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Coffee Price chart, including India Coffee price, USA Coffee price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Coffee Price Trend:

The extract of caffeine, i.e., Coffee, is primarily considered a beverage widely preferred by customers across the globe. Apart from that, it has various practical uses, as well. Coffee grounds, or the residue after brewing, are used in home and garden applications. Its residue contains several nutrients, such as potassium, calcium, and nitrogen, which are very much essential for the growth of plants. Coffee grounds are used as fertilizers, composts, or manure for plants.

Additionally, compounds such as diterpenes and caffeine are highly toxic and act as an insect repellent, which can be used for pest and insect control. It is also used for the removal of fleas; it helps to eliminate bad odor; used in various beauty products such as scrubs and facewash, which beautifies the skin and enhances the glow; it is also used as a natural dye in cooking for marination purpose and much more.

Key Players:

Starbucks Coffee Company
Nestlé SA
Unilever
Chameleon Cold-Brew
Kohana Coffee
High Brew Coffee

News & Recent Development

Date: May 25, 2023- The Girijan Cooperative Corporation (GCC) facilitated the Araku Valley of Andhra Pradesh with The National Programme for Organic Production certificate (NPOP), which was promoted by The Agricultural and Processed Food Products Export Development Authority of India (APEDA).

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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Coking Coal Prices, Trends & Forecasts | Provided by Procurement Resource

Coking Coal is a coke product and is a variety of bituminous coal. It is a strong, hard porous material with high carbon contents, created by heating coal in the absence of oxygen at a temperature above 600° C. The process removes the volatile components of coal and leaves coke as the by-product. Coke is entirely composed of hydrocarbons and has definite properties defining its chemical and physical nature.

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Coking Coal is formed when coke is heated at high temperatures due to the carbon and hydrogen content of this chemical compound. It is also called metallurgical coal, as it produces hot metal in a blast furnace.

The key importer countries of Coking Coal are India, the Netherlands, and Vietnam. On the other hand, the exporting countries are Indonesia, Australia, and South Africa.

Key Details About the Coking Coal Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Coking Coal price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The Coking Coal Price chart, including India Coking Coal price, USA Coking Coal price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Coking Coal Price Trend:

Coking Coal is also known as metallurgical coal, primarily used in coke production, which is further used in steel industries. Coke is an essential fuel that acts as a reactant in blast furnacing, where the compound is extensively used in manufacturing steel.

Additionally, it is used in activities such as blacksmithing to heat iron and steel while forging, in foundries as a reducing agent, as a domestic heating fuel where natural or coal gas is not available, and in brewing to dry malted barley before the process of making bee. Other varieties of coal, such as Hard Coking Coal, Medium Coking Coal, Semi-Soft Coking Coal, and Pulverized Coal, are also used in metal manufacturing industries to produce steel.

Key Players:

OJSC Raspadskaya Coal Company
Goonyella Riverside Mine (BHP Mitsubishi Alliance)
Saraji Coal Mine (BHP Billiton/Mitsubishi Alliance)
Mitsui Coal Holdings Pty Ltd.
Anglo American plc
Mechel Group
Mitsubishi Chemical Corporation

News & Recent Development

Date: April 10, 2023– Tangshan Steel Mills has planned to reduce their purchase prices of Coking Coal to around 50-100 Yuan a tonne from April 10, 2023.

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Cold Rolled Steel Sheet Prices, Trends & Forecasts | Provided by Procurement Resource

Cold Rolled Steel Sheet (CRSS) is a result of material obtained from hot-rolled descaled steel, which is cold reduced to the required sheet thickness, which is then followed by annealing to recrystallize the grain structure. The product’s composition varies, depending upon the grade and type of steel used in manufacturing the unit. It refers to rolling and surfacing flat-rolled sheets and coil products.

In general, High Strength Low Alloy Steel, which is a class 1 Cold Rolled Steel, comprises elements, namely, carbon, manganese, phosphorous, sulfur, aluminium, copper, nickel, titanium, columbium, molybdenum, and vanadium in different proportions. It shows corrosion resistance and has a very smooth surface finish.

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Japan, India, and China are the key exporting countries for Cold Rolled Steel Sheets. On the other hand, the primary importing countries for the same are India, Indonesia, and Vietnam.

Key Details About the Cold Rolled Steel Sheet Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Cold Rolled Steel Sheet price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The Cold Rolled Steel Sheet Price chart, including India Cold Rolled Steel Sheet price, USA Cold Rolled Steel Sheet price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Cold Rolled Steel Sheet Price Trend:

Cold Rolled Steel Sheets have a wide range of industrial uses, from home appliances to industrial machinery. Products like water heaters, metal containers, frying pans, fan blades, computer cabinets, washing machines, microwave ovens, fans, washers, refrigerators, computer hardware, pressure vessels, and automobiles use Cold Rolled Sheets for manufacturing purposes.

Additionally, it is used in construction sectors on a large scale for making structures like columns, beams, and sections that use CRSS to manufacture steel sheds, garages, industrial buildings, and much more. It can be cut, punched, bent, drilled, and easily formed into desired shapes and structures, which makes it a workable industrial product. It has a glossy and clean surface, which makes it a popular choice opted by the mechanical and household industries.

Key Players:

JSW Steel Coated Products Limited
Jindal Stainless Steelway Limited
Tata Iron Syndicate
Gaurang Product Private Limited
Shri Laxmi Steel Suppliers

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Butyl Acetate Prices, Trends & Forecasts | Provided by Procurement Resource

Butyl Acetate (C6H12O2) is an organic compound in the ester family. The compound is moderately soluble in water and has a fruity odor. It is a colorless liquid prepared by the Fischer Esterification of n-Butanol and Acetic acid in the presence of sulfuric acid. The compound is highly flammable in nature, with a melting and boiling point measuring around -78° C and 126.1°C, respectively.

Butyl Acetate is excellent solvency with chemicals, namely, resins, oil, cellulose nitrate, and polymers. Moreover, the compound is an industrial solvent with several industrial applications.

Request for Real-Time Butyl Acetate Prices: https://procurementresource.com/resource-center/butyl-acrylate-price-trends/pricerequest

Vietnam, the United States, and the Netherlands are key importing countries to import Butyl Acetate. On the other hand, Germany, Vietnam, and the Netherlands are the primary exporting countries for the same.

Key Details About the Butyl Acetate Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Butyl Acetate price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The Butyl Acetate Price chart, including India Butyl Acetate price, USA Butyl Acetate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Butyl Acetate Price Trend:

Being an industrial solvent, Butyl Acetate has several industrial usages, including its involvement with the paint and lacquer manufacturing units. It is used in mixing and hardened coating activities. The compound is also used to manufacture plastic adhesives and artificial leathers etc.

Butyl Acetate helps in oil extraction and is also included in the manufacturing units of the pharmaceutical industries. Moreover, it is used as an additive in processes like fruit flouring, lubricants, and cosmetics, as a solvent in perfumes, fabrics, cleaning, and care products, as an anticorrosive agent, and much more.

Key Players:

Dow Chemical Company
BASF SE
INEOS Group
Solvent Wistol S.A.

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Canola Oil Prices, Trends & Forecasts | Provided by Procurement Resource

Canola Oil is one of the healthiest cooking, baking, and processing options. It is extracted from Rapeseed, and hence is also known as Rapeseed oil. It has seeds as small as the size of a poppy seed and has 35-45% of oil content in it. It is high in unsaturated healthier fat molecules and contains a high amount of Alpha-Linolenic Acid (ALA) and Omega-3 Fatty acid.

Studies show that Canola Oil greatly improves heart conditions, such as cholesterol, blood pressure, and inflammation. It is also a healthier and more affordable option in the market.

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The key importing countries for Canola Oil are the United States, India, and the Philippines. On the other hand, Canada, the United States, and Australia stand as the primary exporting countries to export the same.

Key Details About the Canola Oil Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Canola Oil price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The Canola Oil Price chart, including India Canola Oil price, USA Canola Oil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Canola Oil Price Trend:

Canola Oil is a tasteless oil. This feature makes it a versatile option to be used for culinary as well as non-culinary activities. It is used in every possible cooking technique as a vegetable oil, such as baking, frying, and much more. Non-culinary activities such as producing biodiesel, renewable diesel, bioplastics, and aquaculture involve Canola Oil.

The leftovers of the seeds after Canola Oil extraction are used as livestock feed for cattle, fish, and poultry farms. These Livestock feeds are rich in nutrition, vitamins, and minerals, with the correct portion of fats and proteins. Additionally, it is an excellent source of Vitamin E required for maintaining healthy skin and good eyesight.

Key Players:

Archer Daniel Midland Company
Associated British Foods
Burge
Cargill
Wilmar International
Conagra Foodservice
Huiles TITAN OILS
Jivo Wellness
Richardson International

News & Recent Development

Date: April 6, 2023– A rise in the usage of Canola Oil was seen in the USA during January. According to US Energy Information and Administration, a 42% increase was seen over the previous month.

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Cheese Prices, Trends & Forecasts | Provided by Procurement Resource

Cheese is an organic product derived from milk by following the mechanical steps: acidification, coagulation, curd separation and whey, salting, Cheese shaping, and finally, ripening at around 5-10° C. It is rich in protein, minerals, and saturated fats. The biochemical breakdown of lactose molecules and other main components of milk causes the formation chemical of Cheese. Lactose is converted to lactic acid, which causes the curdling of casein, a protein found in milk.

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It solidifies the milk and allows it to thicken and form Cheese. More moisture in Cheese allows more microbial growth, which enables it to ripen faster. Solid Cheese, like parmesan, usually has less microbial growth, whereas Cheese like camembert ripens within 3-4 weeks. It consists of Vitamin A, D and K along with protein which allows development of strong bones.

The key importing countries for Cheese include India, Indonesia, and the Philippines. On the other hand, the key exporting countries include India, Indonesia, and Singapore.

Key Details About the Cheese Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Cheese price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The Cheese Price chart, including India Cheese price, USA Cheese price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Cheese Price Trend:

The application of Cheese can be seen mainly in food in multiple cuisines from all over the world. The variety of Cheese brings up a whole banter of different flavors, textures, and forms. Cheese is used in slices, dips, grated powder, to top sandwiches, paninis, burgers, wraps, and more. It finds its space in the list of ingredients for dishes like Cheesecakes, ricotta-filled cannoli, cream Cheese frostings for cakes, and many more.

Cheese like cheddar has a huge market demand due to its texture and form. It is solid, tastes mild when new and fresh, while tastes sharp on being a bit older. Cheddar gives consistency to fluid dishes like sauce and soups and gives a gooey texture to dried dishes like garlic bread, pizzas, and much more.
Key features such as its high protein content, superior heat stability, savory and umami taste booster, and oil reduction property allow the Cheese to be a go-to choice in the food and baking industry, which is why it is used in large-scale production.

Key Players:

Fonterra Co-operative Group
Arla Foods Amba
Danone S.A
Kerrygold USA
Yorkshire Cheese
Unilever PLC
Nestle SA

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Cement Prices, Trends & Forecasts | Provided by Procurement Resource

Cement is a popular binding material used for construction purposes. Physical properties such as consistency, setting time, soundness, strength, the heat of hydration, loss of ignition, bulk density, and specific gravity measure the standards of good Cement quality. Its adhesive nature makes it a high-demand product in the global market.

Cement is used to provide strength and rigidity to any structure. It is mixed with other materials such as sand, stones, and other additives to make it concrete, which will be used to bind the building blocks together. The compound is a mixture of raw materials such as silica, iron oxide, alumina, etc. In the right proportion, these raw materials ensure better Cement quality. A better quality of Cement ensures good performance and provides a long-lasting life span to the constructed structure.

Request for Real-Time Cement Prices: https://procurementresource.com/resource-center/cement-price-trends/pricerequest

India, the United States, and Vietnam are the key importing countries that import Cement; on the other hand, Japan, China, and Vietnam are the key exporting countries.

Key Details About the Cement Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Cement price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The Cement Price chart, including India Cement price, USA Cement price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Cement Price Trend:

Cement is the fine powdered material the construction industry uses to bind the building blocks together. It is corrosion resistant, can tolerate extreme weather conditions such as heat, rain and wind pressure etc. It can be easily molded into any shape and thus, is used as the key material to manufacture any building or giant structures. Cement is water-resistant, which is used to construct septic tanks, water tanks and other blocks that are associated with water. It is used to constructs, buildings, highways, patios, sidewalks, and driveways etc.

Additionally, it is a fire-resistant, non-combustible material, which prevents the spread of fire and hence, is used to construct firewalls. Cement acts as an insulator, which is used to insulate pipelines to conserve energy and allows noise filtration in houses as well.

The overall application of Cement enlists, manufacturing of joints of pipes, drains, masonry work, pointing, plastering, fencing posts, laying floors, roofs, constructing, stairs, beams, pillar, bridges, tunnels, dams, lighthouses, lamp posts, water tanks, roads, wells, and much more.

Key Players:

CEMEX S.A.B. de C.V
HeidelbergCement AG
CNBM International Corporation
InterCement Participações SA
Anhui Conch Cement Company Limited
Cementir Holding N.V
Cementos Molins
S.A.
Buzzi Unicem SpAUltratech Cement Ltd.

News & Recent Development

Date: February 21, 2023– Railways to establish dedicated freight corridors providing smooth transportation links for the Cement sectors of India.

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Camphene Prices, Trends & Forecasts | Provided by Procurement Resource

Camphene (C10H16) is an organic bicyclic compound. It is generally found in a solid crystalline form with a pungent camphor-like odor. The presence of Camphene in a small quantity can be found in essential oils such as camphor oil, neroli oil, turpentine oil, ginger oil, citronella oil, mango, and valerian. Commercially it is produced by the isomerization of common alpha-pinene compounds with solid acids catalysts. The boiling point measures around 159° C, and the melting point measures around 51.5° C.

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The United States, India, and Vietnam are the top importing countries to import Camphene; on the other hand, India, Spain, and China are the key exporting countries.

Key Details About the Camphene Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Camphene price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The Camphene Price chart, including India Camphene price, USA Camphene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Camphene Price Trend:

Camphene is present naturally in plants such as Cannabis and is derived from it. It is included in several essential oils in a minor quantity, namely, Valerian, Mango, Camphor oil, turpentine, and many more. Its primary involvement can be marked in the fragrance and aromatic industries.

Camphene is also used as an anti-inflammatory, antibiotic, or antioxidant agent in the medical industry. A certain study concludes that combining Camphene with sage oil effectively acts upon fungal infections. It can also effectively treat athlete’s foot, dermatitis, and other skin infections. Furthermore, Camphene with citrus oil and Vitamin C is an antioxidant and a stress buster.

Several industries, such as pharmaceutical, medicine, cosmetics, body care, aromatic, food, and beverage, show their associations with the chemical compound Camphene on a large scale.

Key Players:

Ernesto Ventós
S.A
Moellhausen S.p.A.
Berjé Inc
Takasago International Corporation
Toronto Research Chemicals Inc

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Cefalotin Prices, Trends & Forecasts | Provided by Procurement Resource

Cefalotin (C16H16N206S2) is an antibiotic used, which is being used to treat serious bacterial infections. Locations like urinary tracts, bones, and lower respiratory tracts are treated using this antibiotic compound. It comprises acetoxymethyl and nitrile moieties at positions 3 and 7, respectively. It is a broad spectrum used to treat severe blood infections and used to prevent infections during surgeries. It metabolizes to less active diacetyl metabolites; it remains unchanged in the urine.

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The key importing countries that import Cefalotin are India, Spain, and China. On the other hand, Brazil, Tanzania, and India are the key exporting countries to export the same.

Key Details About the Cefalotin Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Cefalotin price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The Cefalotin Price chart, including India Cefalotin price, USA Cefalotin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Cefalotin Price Trend:

Cefalotin is an antibacterial chemical compound used to prevent infections during hospital surgeries. The compound inhibits cell wall synthesis by bacterial activities and stops the spread of the condition.
The antibiotic treats infections spread over blood, urinary tracts, bones, and respiratory tracts. It is commonly known and marketed as Cephalosporin in the pharmaceutical industry. Its associations are largely recognized in treating infections and discomforts caused in the body.

Key Players:

Abbvie Inc. (ALLERGAN PLC.)
Bristol-Myers Squibb Company
F. Hoffmann-La Roche Ltd.
Novartis International AG
Pfizer Inc.

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Castor Oil Prices, Trends & Forecasts | Provided by Procurement Resource

Castor Oil (C57H104O9) is a commonly known vegetable oil extracted from the castor plant’s seeds. The beans are pressed to obtain a colorless or pale-yellow colored oil which is bitter in taste. It contains monosaturated fatty acids, namely ricinoleic acid, linoleic and oleic acids as its key constituents. Primarily, due to the presence of ricinoleic acid, Castor Oil acquires a lot of nutritional value, which empowers its industrial usage on a large scale. The boiling point of Castor Oil measures approximately around 313° C.

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The key importing countries for Castor Oil are the United States, China, and the Netherlands. On the other hand, India, Germany, and the Netherlands are the primary exporting countries.

Key Details About the Castor Oil Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Castor Oil price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

The Castor Oil Price chart, including India Castor Oil price, USA Castor Oil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Castor Oil Price Trend:

Castor Oil is known for its laxation feature and is an excellent natural laxative for medicinal use. It stimulates the muscle’s movement in the intestines and helps them keep the track clean. The Food and Drug Administration approves the compound. Depending on the usage, if taken in an appropriate dose, it can treat temporary constipation, whereas overdose can cause diarrhea and vomiting.

Additionally, due to the presence of ricinoleic acid in it, it acts as an excellent moisturizer. This element prevents water loss from the outer layer of one’s skin and thus helps to maintain hydration levels. Castrol Oil is used in cosmetic products like lotions, cleansers, etc. It is affordable and hence, preferred along with coconut or jojoba oil. It is also used for healing wounds, manufacturing soaps, ink, hydraulics and brake fluids, dyes, waxes, nylon, perfumes, lubricants, cleaning and maintaining dentures, etc.

Key Players:

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.

News & Recent Development

Date: March 18,2023– Jamaican farmers are encouraged to use the local castor bean and its derived products. Minister JC Hutchinson says, “There is an opportunity to tap into the high demands of Jamaican Black Castor Oil, noting that the global market for the product is valued at up to US $ 100 Million”.