What is the price of castor oil per kilogram/pound in Malaysia today?
The retail price range for Malaysia castor oil is between US$ 9.67 and US$ 12.08 per kilogram or between US$ 4.38 and US$ 5.48 per pound(lb). Click here to see today's exact prices of castor oil in Malaysia
The retail price range in Malaysian Ringgit for castor oil is between MYR 43.86 and MYR 54.83 per kilogram or between MYR 19.89 and MYR 24.87 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia castor oil is between US$ 6.77 and US$ 8.46 per kilogram or between US$ 3.07 and US$ 3.84 per pound(lb).
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Malaysia Castor Oil Export Prices - Historical, Trends and Prediction
In 2021 the export price was US$ 0.09 per Kg. In 2020 the export price was US$ 0.04 per Kg, in 2019 the export price was US$ 0.03 per Kg, in 2018 the export price was US$ 0.10 per Kg, and in 2017 the export price was US$ 0.02 per Kg. For 2023, the predicted export price is US$ 0.09 per Kg.The Malaysia castor oil exports are categorised as:
- Castor oil and fractions thereof, whether or not refined, but not chemically modified (HS code 151530)
Malaysia Castor Oil Import Prices - Historical, Trends and Prediction
The import price of Castor Oil into Malaysia has seen a significant fluctuation over the past five years. In 2016, the price per kilogram was 0.22 US dollars, followed by a drastic drop to 0.02 US dollars in 2017. In 2018, the price rose to 12.78 US dollars, before dropping to 1.07 US dollars in 2019. The price then increased to 3.74 US dollars in 2020 and 8.18 US dollars in 2021. The most recent data shows that the import price of Castor Oil into Malaysia is 0.00 US dollars. Based on the data, it is predicted that the import price of Castor Oil into Malaysia will remain at 0.00 US dollars in 2023 and 2024.Export values for Malaysia castor oil
The total values in export for castor oil in Malaysia were US$ 18,799, US$ 4,290, US$ 106 and US$ 626 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Malaysia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of castor oil in other countries across Asia: Kazakhstan castor oil, Kyrgyzstan castor oil, Tajikistan castor oil, Turkmenistan castor oil, Uzbekistan castor oil, China castor oil, Hong Kong castor oil, Macao castor oil, North Korea castor oil & Mongolia castor oil.
Malaysia castor oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of castor oil shipped by Malaysia in 2020 was 69 tons. In 2019 Malaysia exported 190 tonnes of castor oil. Across 2019 alone, the market for Malaysia castor oil (processed category) has increased, flactuating by 287.755 percent compared to the year 2018. Between 2017 and 2019, castor oil's exports reduced by -96.05 percent bringing the country US$0.63m for the year 2019. Malaysia's castor oil exports are classified as:
- Castor oil and fractions thereof, whether or not refined, but not chemically modified (HS code 151530)
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Malaysia castor oil export values
In 2019, Malaysia exported castor oil worth 0.63m USD, a growth of 494.34% from 2018's total castor oil export of 0.106m USD. The yearly growth in value of Malaysia castor oil between 2017 to 2018 was -97.529 percent.
The annual/yearly change in the volume of Malaysia's castor oil exports between 2017 and 2019 was -96.05 pc in comparison to a variation of 287.755% in the period between 2018 and 2019.
Export markets for Malaysia castor oil ( in '000$ )
Malaysia's leading export markets for castor oil are Thailand, Vietnam, Indonesia, Egypt and India.
Malaysia brought in 1,824 tonnes of castor oil in 2019.