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India's export of castor oil rises marginally in November 2024

23 Dec 2024 Evaluate

Solvent Extractors' Association of India (SEA) has said that India's export of castor oil rises 0.43% to 38,196 metric tonnes (MT) (Provisional) in the month of November 2024 as compared to 38,032 MT (Provisional) in the same month last year. In the value terms, India exported castor oil worth Rs 522.04 crore in November 2024 as against Rs 474.05 crore in November 2023, i.e. up by 10.12%.  

In the month of October 2024, castor oil export stood at 48,209 MT while its value stood at Rs 601.65 crore.  According to SEA data, in eleven months of 2024 (January to November) export of castor oil stood at 643,251 MT, while in value terms, it was registered at Rs 7,904.70 crore in January to November 2024 period. 

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.

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