India cuts castor oil exports in 2022

Published 2023년 1월 24일

Tridge summary

Indian traders exported the least amount of castor oil in the past three years, with exports in 2022 being approximately 103 thousand tons lower than in 2021 and 72 thousand tons lower than in 2020. However, exports were still higher than in 2019. Castor oil, a valuable vegetable oil extracted from the seeds of the castor bean, is used in many cosmetic products and is included in sales in all directions. India, China, and Brazil are the main producers of this oil.

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Original content

Indian traders sold the least castor oil to foreign markets over the past three years, according to analysts from the Solvent Extractors’ Association of India (SEA). Thus, at the end of 2022, the export of the product amounted to over 586 thousand tons, which is approximately 103 thousand tons lower than the level of 2021 and 72 thousand tons less than in 2020. In addition, in December 2022, according to preliminary SEA data, the sale of Indian castor oil in all directions amounted to 41.8 thousand tons, in November – almost 47 thousand tons, in October – 39.8 thousand tons, in September – 34 thousand tons. It is noteworthy that last year, exports were still higher than in 2019, when the figures were fixed at the level of 546.9 thousand tons. Castor oil is one of the most valuable ...

Source: UkrAgroConsult