Solvent Extractors' Association of India (SEA) has said that
India's export of castor oil declined 16.98% to 44,168 metric tonnes (MT)
(Provisional) in the month of January 2025 as compared to 53,204 MT
(Provisional) in the same month last year. In the value terms, India exported
castor oil worth Rs 596.01 crore in January 2025 as against Rs 652.74 crore in
January 2024, i.e. down by 8.69%.
In the month of December 2024, castor oil export stood at
41,339 MT, while its value stood at Rs 556.50 crore. According to SEA data, in
ten months of FY25 (April to January) export of castor oil stood at 554,641 MT,
while in value terms, it was registered at Rs 6908.34 crore.
India is the largest producer of castor seed in the world
and Gujarat is the largest in India. Castor oil is an important ingredient for
the global specialty chemical industry as it is the only commercial source of
hydroxylate fatty acid. Castor oil is used for a number of industrial
applications including paints, varnish, resins and plasticisers.
maintaining utility scale grid connected solar and wind power projects (through O&M operations and in-house engineering).
Source: Ace Equity
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