How much is castor beans per pound?

Castor is a woody plant of the Euphorbiaceae family and the genus Ricinus, which generally grows in areas with relatively warm climate throughout the year. Castor oil plant in my country is mainly distributed in North China and Northeast China. Of course, it is also grown in Northwest China and Huidong. The planting in most areas is relatively scattered. The product value of castor is quite wide. It has certain value in medicinal value, industrial production, agriculture and animal husbandry. So what is the price of castor in the current market? How much is one pound? Let’s analyze it together below.

1. How much does castor oil cost per pound?

Because the scale of castor cultivation in different regions is different, and the consumption level and demand for castor in different regions are also different, the price of castor is also different. The second is that the quality of castor beans varies, which means that their prices are different. At present, the price of castor in the market is generally seven or eight yuan per catty, while in some areas the price can reach ten to twelve yuan per catty.

2. Market price analysis

The early market price of castor was not affected much, and even increased to a certain extent, but it has gradually stabilized recently, and the sales of first-hand supplies in the market are general. For example, the current castor price in the lotus pond market generally fluctuates around seven yuan, the market demand is limited, and there has been no significant change in the previous shipping situation. The absorption capacity of first-hand supply in Fuyang market is limited, the market trend is relatively stable, and the price is stable at around 7 or 8 yuan. The price of castor oil in Anguo market has increased in the early stage, but it still needs to be hesitant in the middle and late stages.

3. Is planting profitable?

The commodity value of castor is very high, so its economic value is not bad. In addition, the demand for castor oil in industrial production in my country is also relatively large. This is why the total planting area of ​​castor has increased, but the price has remained relatively stable. And judging from the current demand for castor in my country, there is still a situation of supply exceeding demand, and the gap is quite large. This means that planting castor can make up for this demand gap, so the development prospects of planting castor are relatively good.

4. Function and efficacy

It can be said that castor is a treasure from head to toe. Its nutrients can be used to extract oil, which is commonly used in the production and processing of chemical plants, light industry, metallurgy, electromechanical engineering, textiles, packaging and printing, dyes and other industries and the pharmaceutical industry. Secondly, castor oil plant also has certain efficacy and functions. It has the effects of reducing swelling, detoxifying, and relieving itching. It is used to treat sores and can also be used to kill maggots. Castor root can also be used to dispel wind, promote blood circulation and remove blood stasis, relieve pain and calm the nerves, and treat rheumatism, tetanus, schizophrenia and other diseases. Finally, the oil cake after castor bean oil is pressed can also be used as fertilizer, concentrated feed, activated carbon and raw materials for film machines. Therefore, the role and function of castor beans occupy a huge proportion in China's industrial development.

The above is the editor’s analysis of castor oil price trends. I hope it can help everyone. Of course, if you want to know more market information, you can also pay attention to us.