What is the price of castor (ricinus) seeds per kilogram/pound in Myanmar today?
The retail price range for Myanmar castor (ricinus) seeds is between US$ 5.01 and US$ 11.93 per kilogram or between US$ 2.27 and US$ 5.41 per pound(lb). Click here to see today's exact prices of castor (ricinus) seeds in Myanmar
The retail price range in Kyat for castor (ricinus) seeds is between MMK 10,656.38 and MMK 25,372.34 per kilogram or between MMK 4,832.83 and MMK 11,506.73 per pound(lb) in Naypyitaw and Yangon.
Wholesale prices
In 2024, the approximate wholesale price range for Myanmar castor (ricinus) seeds is between US$ 3.51 and US$ 8.35 per kilogram or between US$ 1.59 and US$ 3.79 per pound(lb).
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Myanmar Castor (ricinus) Seeds Export Prices - Historical, Trends and Prediction
The export price per kilogram of Castor (Ricinus) Seeds from Myanmar has seen a steady decline over the last five years. In 2014, the price was 0.79 US dollars per kg, which dropped to 0.70 US dollars per kg in 2015. In 2016, the price rose slightly to 0.80 US dollars per kg, before dropping again to 0.71 US dollars per kg in 2017. The price then dropped significantly to 0.47 US dollars per kg in 2018, before rising to 0.55 US dollars per kg in 2019. The price then dropped again to 0.42 US dollars per kg in 2020, before rising to 0.86 US dollars per kg in 2021. Based on this data, it is likely that the export price per kilogram of Castor (Ricinus) Seeds from Myanmar will remain relatively stable in the next two years, with prices predicted to be around 0.80 US dollars per kg in 2023 and 0.85 US dollars per kg in 2024.Myanmar Castor (ricinus) Seeds Import Prices - Historical, Trends and Prediction
The import price per kilogram of Castor (Ricinus) Seeds into Myanmar has seen a significant decrease over the last five years. In 2014, the price was 0.79 US dollars per kg, which dropped to 0.7 US dollars per kg in 2015. In 2016, the price increased slightly to 0.8 US dollars per kg, before dropping again to 0.71 US dollars per kg in 2017. The price then decreased further to 0.47 US dollars per kg in 2018 and 0.55 US dollars per kg in 2019. The most recent data shows that the price has dropped to 0.42 US dollars per kg in 2020. This trend of decreasing prices is expected to continue in 2021, with the price predicted to be 0.86 US dollars per kg. Based on this trend, it is likely that the price of Castor (Ricinus) Seeds into Myanmar will be 0.79 US dollars per kg in 2023 and 0.71 US dollars per kg in 2024.Export values for Myanmar castor (ricinus) seeds
The total values in export for castor (ricinus) seeds in Myanmar were US$ 3,264, US$ 2,689, US$ 426 and US$ 648 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Oil Seeds category in Myanmar: Linseed (Flax), Rapeseeds (Canola), Sunflower Seeds, Cotton Seeds, Sesame Seeds, Mustard Seeds, Safflower, Melon Seeds, Poppy Seeds & Shea Nuts.
See prices of castor (ricinus) seeds in other countries across Asia: Kazakhstan castor (ricinus) seeds, Kyrgyzstan castor (ricinus) seeds, Tajikistan castor (ricinus) seeds, Turkmenistan castor (ricinus) seeds, Uzbekistan castor (ricinus) seeds, China castor (ricinus) seeds, Hong Kong castor (ricinus) seeds, Macao castor (ricinus) seeds, North Korea castor (ricinus) seeds & Mongolia castor (ricinus) seeds.
Myanmar castor (ricinus) seeds - Production, Exports, Imports, Seasons and HS Codes
In 2019 Myanmar sold 1,182 tonnes of castor (ricinus) seeds. Across 2019 alone, the demand for Myanmar castor (ricinus) seeds (oil seeds category) has surged, changing by 30.464 % compared to the year 2018. Between 2017 and 2019, castor (ricinus) seeds' exports went down by -68.8 percent netting Myanmar US$0.65m for the year 2019. Myanmar's castor (ricinus) seeds exports are classified as:
- Castor oil seeds (HS code 120730)
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Myanmar castor (ricinus) seeds export values
In 2019, Myanmar sold castor (ricinus) seeds valued at 0.65m USD, an improvement of 52.58% from 2018's total castor (ricinus) seeds export of 0.426m USD. The yearly growth in value of Myanmar castor (ricinus) seeds between 2017 to 2018 was -84.158 pc.
The per year change in the amount of Myanmar's castor (ricinus) seeds exports between 2017 and 2019 was -68.8 percent compared to a variation of 30.464% in the period between 2018 and 2019.
Export markets for Myanmar castor (ricinus) seeds ( in '000$ )
Myanmar imported 0 tonnes of castor (ricinus) seeds in 2019.
Production
The production of castor (ricinus) seeds in Myanmar was 13,051 tonnes in 2019 and is predicted to change by an average of 1.28%. The country had an estimated 15,881.00 hectares under castor (ricinus) seeds cultivation.