Business Opportunites in Castor Oil based Industry
The primary sources of Castor Oil are from India, China and Brazil. Scientific and historical records reveal that regardless of origin, the chemical nature and composition are remarkable uniform. India produces about 800,000 tons annually, andaccounts for over 60% of the entire global production. Castor seed is cultivated because of commercial importance of its oil. India is also the biggest exporter of castor oil. It corners about 70% of the global castor oil trade. Components of the oil, known as hydroxy fatty acids, are essential for making high-quality lubricants for heavy equipment or jet engines, for example. Castor oil is also used in paints, coatings, plastics, antifungal compounds, shampoo, and cosmetics.
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