What is the price of castor oil per kilogram/pound in Jamaica today?
The retail price range for Jamaica castor oil is between US$ 9.64 and US$ 14.46 per kilogram or between US$ 4.37 and US$ 6.56 per pound(lb). Click here to see today's exact prices of castor oil in Jamaica
The retail price range in Jamaican Dollar for castor oil is between JMD 1,502.02 and JMD 2,253.04 per kilogram or between JMD 681.19 and JMD 1,021.79 per pound(lb) in Kingston and Montego Bay.
Wholesale prices
In 2024, the approximate wholesale price range for Jamaica castor oil is between US$ 6.75 and US$ 10.13 per kilogram or between US$ 3.06 and US$ 4.59 per pound(lb).
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Jamaica Castor Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Castor Oil from Jamaica over the last five years has seen a steady decline. In 2020, the price was 13.40 US dollars per kilogram, down from 24.00 US dollars per kilogram in 2012. The highest price was recorded in 2014 at 39.20 US dollars per kilogram. The lowest price was recorded in 2017 at 18.44 US dollars per kilogram. Based on the data, it is predicted that the export price per kilogram of Castor Oil from Jamaica in 2023 will be around 10.50 US dollars and in 2024 will be around 9.00 US dollars.The Jamaica castor oil exports are categorised as:
- Castor oil and fractions thereof, whether or not refined, but not chemically modified (HS code 151530)
Jamaica Castor Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Castor Oil into Jamaica over the last five years has seen a steady decline. In 2016, the price was 23.86 US dollars per kg, and this decreased to 18.44 US dollars per kg in 2017. In 2018, the price dropped further to 11.93 US dollars per kg, and then increased slightly to 14.9 US dollars per kg in 2019. The most recent year, 2020, saw the price drop to 13.4 US dollars per kg. This indicates a downward trend in the import price of Castor Oil into Jamaica over the last five years. Based on this trend, it is predicted that the import price of Castor Oil into Jamaica in 2023 will be around 10.50 US dollars per kg, and in 2024 it will be around 8.50 US dollars per kg.Export values for Jamaica castor oil
The total values in export for castor oil in Jamaica were US$ 167, US$ 166, US$ 179 and US$ 148 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Jamaica: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of castor oil in other countries across Caribbean: Aruba castor oil, Bahamas castor oil, Barbados castor oil, Cuba castor oil, Dominican Republic castor oil, Grenada castor oil, Guadeloupe castor oil, Haiti castor oil, Jamaica castor oil & Martinique castor oil.
Jamaica castor oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Jamaica exported 10 tonnes of castor oil. Through 2019 alone, the interest in Jamaica castor oil (processed category) has decreased, with a change of -33.333 per cent compared to the year 2018. Between 2017 and 2019, castor oil's exports grew by 11.11 percent netting the nation US$0.15m for the year 2019. Jamaica's castor oil exports are categorised as:
- Castor oil and fractions thereof, whether or not refined, but not chemically modified (HS code 151530)
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Jamaica castor oil export values
In 2019, Jamaica shipped castor oil costing 0.15m USD, a reduction of -16.20% from 2018's total castor oil export of 0.179m USD. The yearly reduction in value of Jamaica castor oil between 2017 to 2018 was 7.831 per cent.
The annual change in the quantity of Jamaica's castor oil exports between 2017 and 2019 was 11.11 percent in comparison to a variation of -33.333% in the period between 2018 and 2019.
Export markets for Jamaica castor oil ( in '000$ )
Jamaica's leading export markets for castor oil are US, United Kingdom (UK), Belize and Canada.
Jamaica ordered 4 tonnes of castor oil in 2019.