Castor Oil Exports to Rise 33% This Year

India’s castor oil exports are likely to increase and hit 570,000 tonnes this year due to an increasing demand from America, China and European Union. The rising demand could affect the availability in Indian market due to the shortage of Castor Oil Plantoutput.

Castor seed for delivery is currently trading at the rate of Rs. 3690/quintal. In the spot market the seed is selling at the rate of Rs. 3565/quintal in Gujarat.

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