India dominates supply, not prices, in the castor oil export market
The Dollar Business Bureau Castor oil is one of raw materials used in the production of biofuel in Brazil When it comes to non-edible oil exports by India, castor oil emerges as a top performer due to its wide commercial applications. However, it may surprise some that India is both the world’s largest producer and exporter of castor oil, accounting for around 65% of global production and over 87% of global exports. Castor oil was one of the top 10 items of export to China for two consecutive years in 2012 and 2013, worth around $320 million which is around 35% of India’s total castor oil exports. Increasing applications in China and Brazil are factors behind growing exports of castor ...
