India sharply reduced exports of castor oil in the first half of the year

Castor Oil

India

Published Jul 25, 2023

Tridge summary

Indian traders are experiencing a decrease in castor oil shipments to foreign markets in June, with exports dropping by 22 thousand tons compared to May 2023 and 20.6 thousand tons compared to June 2022. From January to June 2022, India has sent 317.43 thousand tons of castor oil abroad, significantly lower than the same period in 2020. Castor oil is a valuable vegetable oil used in various cosmetic products, and India, China, and Brazil are the main producers.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Indian traders are reducing shipments of castor oil to foreign markets in June, according to analysts from the National Association of Vegetable Oil Producers (Solvent Extractors' Association of India, SEA). So, last month, the export of the product amounted to more than 36.3 thousand tons, which is about 22 thousand tons lower than the level of May 2023 and 20.6 thousand tons less than in June 2022. In January this year, according to official SEA data, the sale of Indian castor oil in all directions amounted to 51.5 thousand tons, in February - 47.34 thousand tons, in March - 67.9 thousand tons, in April - 56.2 thousand tons, and in May - 58.15 thousand tons. In general, since the beginning of this year, 317.43 thousand tons of castor oil have been sent from India abroad, which is almost 265 thousand tons lower than the level of January-June 2022 and more than 318 thousand tons less than the indicator for the same period in 2020. Castor ...

Source: Milknews