World
scenario
Castor is a plant that is commercially
very important to the world. Having known that how useful is the oil obtained
from it, it must also be known that the castor seed oil cake is very useful
manure to other crops. This crop needs a tropical type of climate to develop.
That’s why the castor is largely found in the countries lying in the tropical
belt of the world. To derive the oil from the seeds of the plant, the processes
of expression or decoction are used to press the seeds but the seeds as a whole
are also traded in the market. The seeds generally contain 48% oil content and
the rest becomes the part of oil cake.
World’s average total production of
Castor seed figures around 12.5 lakh tons and is cultivated in more than 30
countries of the world. India is the world’s largest producer of castor and its
derivatives contributing to almost 65% share. Like wise India is also the
leading producer of castor seed oil, which has it’s annual world production
hovering around 5.5 lakh tons. Due to its end number of uses in various
industries, castor oil has a high level of demand in the world that is still
constantly rising at 3 to 5 % per annum. The major consumer countries of castor
oil with their annual consumption figures are
- European Union (110000 MT)
- India (100000 MT)
- China (80000 MT)
- Brazil (40000 MT)
- USA (40000 MT)
- Japan (20000 MT)
- Thailand (15000 MT)
- Others (10000 MT)
The world production of this crop is
concentrated in the hands of few countries and that is why there are just a few
exporters of castor oil fulfilling a large level of demand of the world. The
major exporters of castor oil are the leading producing countries of it namely
India, China and Brazil from which only India has been successfully meeting the
domestic and the world requirements. The country holds a share of 70% in the
total exports. The other two countries have experienced an increase in their
domestic demand and hence are not capable of exporting a high quantity of oil.
The leading countries in the list of imports of castor oil with their importing
figures are
- European Union (110000 MT)
- USA (40000 MT)
- Japan (20000 MT)
- Thailand (15000 MT)
- Others (10000 MT)
This list shows that the consumption of
major importing countries is wholly dependent on their imports. The trade of
castor oil in the world is estimated at about 2.5 lakh tons
As already mentioned, Castor is produced in about
30 countries lying in the tropical belt of the world. The production of this
crop is concentrated in the hands of a fewer countries and that is why the
world production of castor and its derivatives is highly fluctuating. Any
change in the trend of the production of any of those countries leads to change
in the level of world production. The world production of castor seed hovers
around at an average of 12.5 lakh tons and of castor oil is 5.5 lakh tons. The
major producer countries of castor are
- India
- China
- Brazil
- Paraguay
- Ethiopia
- Philippines
- Russia
- Thailand
The top most country in the list is
India with around 65% of the share in production followed by China with 23% and
Brazil with 7% of share. The world production levels observed a sharp rise in
the year 2001 which took the level to 17.5 lakh tons but it again fell down due
to crop failure. Since few years, the countries China and Brazil are having an
increase in their domestic consumption demand and hence are consuming a greater
share of their production and exporting lesser leaving India to be the dominant
player in the international market
No comments:
Post a Comment