Your eyes and hands in India · Est. 2019 · Replies within one working day

What decides the price of moringa, castor oil, guar and millets

Moringa powder, ashwagandha root, castor oil, guar gum, mango pulp and millet prices follow crop, demand and grade. Here are the drivers for each of the six lines.

· 3 min read · Creston & Co

The price of moringa powder, ashwagandha root, castor oil, guar gum, mango pulp and millets comes down to the crop, the competing uses and the grade. No figures are given here, because each line moves independently and a price per kg, per ton or per tin is stale quickly.

Below are the main drivers for each line, so you know what to ask when a quote arrives.

Moringa and ashwagandha

Both are herbal crops with smaller markets. Moringa powder varies with leaf supply, drying and colour. Ashwagandha root depends on the cultivated area and on the cut and sorting of the root. Demand from the supplement and food trades pushes both, and a rise in interest can tighten supply fast.

Ask for the grade, particle size, the active-marker content where you rely on it, and the residue results. See the moringa and ashwagandha buyer guide.

Castor oil and guar gum

Both are industrial crops. Castor oil follows the seed harvest and demand from makers of coatings, lubricants and plastics. Castor seed harvest and price explains the season. Guar gum follows the guar crop and, notably, demand from the oil and gas industry, as how guar prices relate to oil and gas describes.

Grade matters on both. Viscosity for guar and acid value for castor change the price, so compare quotes only on the same figures.

Mango pulp and millets

Mango pulp is made once a year from the season's fruit, and the price is influenced by the fruit crop, variety, Brix and pack. Millets depend on the harvest, the processing form (whole, hulled, flour) and demand. Government promotion of millets has raised interest, but supply still follows the weather.

What is common to all six?

Whatever the line, a quote is made of the same layers, and each one is a place to ask a question:

  • The raw material, which follows the crop and stocks.
  • Processing and the yield lost in it.
  • Testing, certification and any treatment you require.
  • Packing, loading, port charges and documents.
  • Margin, payment terms and the validity of the offer.

How do you get a quote you can use?

Write one specification per line and send it to several plants. Ask each for a written offer with a validity period and the basis, for example FOB. Compare on the same grade. Reading a lab certificate helps you check that the goods match the quote.

What is the best habit to build?

Keep a record of every quote you receive, with the date, grade, basis and validity. Over a season it shows you how each line behaves and what a normal range of offers looks like for your own specification. That record is more useful than any public rate, because it is for the product you actually buy.

Share the same record with every supplier you ask. A plant that sees its offer sit well outside the others will usually explain why, and that explanation is often where the real difference in grade or terms shows up.

Next step

To have specifications written and comparable quotes collected across these lines, book a free sourcing review.

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