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The prices of Castor oil have stabilized in October **** as the market entered the final quarter of the year after a pronounced in Q*. The volatility in previous quarter (July鈥揝eptember) has reflected a mix of inventory adjustment, speculative buying and a shift in demand from the key downstream users as seasonal production and procurement plans changed. The prices of castor seed in Indian markets have softened by late September which kept the feedstock costs contained and allowed the Castor oil refiners to offer marginally lower ex-works prices. The major importers in Asia and Europe have tracked these moves. The import enquiries were functional and focused on replenishment for operational needs rather than aggressive restocking which muted any sharp price rebounds. The Castor oil suppliers in India have managed exports with deliberate pricing strategies to protect market share while avoiding large inventory buildups which...
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