Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023 North America In the North American region, particularly within the United States, the  Castor Oil  market witnessed diverse dynamics during the third quarter of 2023. The US Census Bureau's analysis revealed a moderate uptick in the Manufacturing Purchasing Managers' Index (PMI) for the United States, ascending from 46.3 in June to 49 in July. This marked two consecutive months of PMI surpassing 50, indicating expansion in the manufacturing sector. Simultaneously, the consistent surge in Castor oil consumption across various sectors, including food, personal care, and other industries, led to a subsequent rise in its pricing. Moving into August, Castor oil prices in the United States experienced a significant decline, attributed to factors such as the strengthening of the US dollar against the Indian Rupee, making imports from India more cost-effective for US buyers. Furthermore, the demand for Castor oil surged in August 2023, drive...