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    Castor January 2024

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    himanshu rawal
    Castor is an important crop for specialty chemicals but contributes little to vegetable oil. India is the top producer led by Gujarat state. Production in 2023-24 is estimated at 16.69 lakh tonnes, higher than last year. Domestic supply is also higher while demand remains the same, increasing stocks.

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    Castor January 2024

    Uploaded by

    himanshu rawal
    15 views4 pages
    Castor is an important crop for specialty chemicals but contributes little to vegetable oil. India is the top producer led by Gujarat state. Production in 2023-24 is estimated at 16.69 lakh tonnes, higher than last year. Domestic supply is also higher while demand remains the same, increasing stocks.

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    Castor outlook jan 2024

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    castor-January-2024

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    Castor is an important crop for specialty chemicals but contributes little to vegetable oil. India is the top producer led by Gujarat state. Production in 2023-24 is estimated at 16.69 lakh tonnes, higher than last year. Domestic supply is also higher while demand remains the same, increasing stocks.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    15 views4 pages

    Castor January 2024

    Uploaded by

    himanshu rawal
    Castor is an important crop for specialty chemicals but contributes little to vegetable oil. India is the top producer led by Gujarat state. Production in 2023-24 is estimated at 16.69 lakh tonnes, higher than last year. Domestic supply is also higher while demand remains the same, increasing stocks.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Castor Outlook, January 2024

    Castor Outlook – January 2024

    Castor is one of the oldest cultivated crops; however, it contributes to only 0.15% of the
    vegetable oil produced in the world. The oil produced from this crop is considered to be
    of importance to the global specialty chemical industry because it is the only commercial source of
    a hydroxylate fatty acid. Castor plant is grown in arid and semi-arid regions. In 2020-21, World
    major producing countries are India (16.47 lakh tonnes), Mozambique (0.72 lakh tonnes), Brazil
    (0.35 lakh tonnes), China (0.21 lakh tonnes), Thailand (0.12 lakh tonnes) and Myanmar (0.12 lakh
    tonnes).

    22.95
    19.64 19.80
    18.7 18.42
    17.27 17.52 16.69
    15.68 16.47 16.19
    13.76
    11.97

    Source: Directorate of Economics and Statistics (DES). * 1st Advance estimates

    Figure 1: Production of Castor in India (in lakh tonnes)

    Area under castor reported during 2023-24 was 9.52 lakh ha (23.53 lakh acres) as against
    9.31 lakh ha (23.02 lakh acres) during the same period in 2022-23. Among states, Gujarat is leading
    with 7.15 lakh ha (17.67 lakh acres) under castor followed by Rajasthan 1.84 lakh ha (4.55 lakh
    acres), Andhra Pradesh 0.40 lakh ha (0.99 lakh acres), Odisha 0.04 lakh ha (0.10 lakh acres) and
    Karnataka 0.02 lakh ha (0.06 lakh acres).

    According to Central Government 1st advance estimates, all India castor production in 2023-
    24 is at 16.69 lakh tonnes. In India, major castor producing states are Gujarat (13.35 lakh tonnes),

    Agricultural Market Intelligence Centre, PJTSAU Page 1


    Castor Outlook, January 2024

    Rajasthan (3.12 lakh tonnes), Andhra Pradesh (0.11 lakh tonnes), Odisha (0.04 lakh tonnes) and
    Karnataka (0.02 lakh tonnes).

    Table 1: State wise Area under Castor in India

    State 2022-23 2023-24

    Area Area % to total Area Area % to


    (lakh ha) (lakh acres) area (lakh ha) (lakh acres) total area
    Gujarat 6.92 17.10 74.32 7.15 17.67 75.08
    Rajasthan 1.92 4.74 20.61 1.84 4.55 19.32
    Andhra
    0.33 0.80 3.49 0.40 0.99 4.22
    Pradesh
    Odisha 0.04 0.10 0.45 0.04 0.10 0.44
    Karnataka 0.03 0.08 0.37 0.02 0.06 0.25
    Others 0.11 0.26 1.13 0.09 0.22 0.93
    All India 9.31 23.02 100.00 9.52 23.53 100.00
    Source: www.agricoop.nic.in

    Table 2: Castor Domestic Supply & Demand (in lakh tonnes)

    2021-22 2022-23
    Opening Stocks 7.73 8.34
    Production 16.19 19.8
    Imports 0 0
    Total Supply 23.92 28.14
    Exports 0 0
    Consumption 15.5 15.5
    Total Demand 15.5 15.5
    Ending Stocks 8.34 12.64
    Source: www.agriwatch.com
    In Telangana state, Gadwal 601 ha (1485 acres), Narayanpet 386 ha (954 acres),
    Mahabubnagar 222 ha (548 acres), Wanaparthy 203 ha (502 acres) and Nagarkurnool 42 ha (105
    acres) are major castor growing districts. According to Telangana State Government 1st advance

    Agricultural Market Intelligence Centre, PJTSAU Page 2


    Castor Outlook, January 2024

    estimates, castor production in 2023-24 is at 0.01 lakh tonnes from 0.02 lakh ha (0.05 lakh acres)
    with productivity of 519 Kg/ha (210 Kg/acre).
    Table 3: District wise Area under Castor in Telangana

    District 2022-22 2023-24


    Area Area % to total Area Area % to total
    (ha) (acres) area (ha) (acres) area
    Gadwal 498 1230 25.36 601 1485 38.04
    Narayanpet 515 1273 26.25 386 954 24.44
    Mahabubnagar 405 1000 20.62 222 548 14.04
    Wanaparthy 355 878 18.10 203 502 12.86
    Nagarkurnool 74 184 3.79 42 105 2.69
    Others 115 285 5.88 125 310 7.94
    Telangana State 1963 4850 100.00 1580 3904 100.00
    Source: www.agri.telangana.gov.in

    Table 4: State wise wholesale prices of Castor during December, 2023


    Prices Prices Prices
    % Change (Over % Change (Over
    State December, November, December,
    Previous Month) Previous Year)
    2023 2023 2022
    Andhra Pradesh 5310 5334 6302 -0.45 -15.74
    Gujarat 5730 5761 7169 -0.54 -20.07
    Karnataka 5350 6219 5872 -13.97 -8.89
    Madhya
    5349 5049 6397 5.94 -16.38
    Pradesh
    Maharashtra 5150 5200 6000 -0.96 -14.17
    Rajasthan 5386 5383 6861 0.06 -21.5
    Tamil Nadu 6179 6014 6930 2.74 -10.84
    Telangana 5363 5316 6244 0.88 -14.11
    Uttar Pradesh 5100 5000 __ __
    Average 5477.12 5486.22 6308.33
    Source: www.agmarknet.gov.in

    Agricultural Market Intelligence Centre, PJTSAU Page 3


    Castor Outlook, January 2024

    Table 5: Prices and arrivals of Castor in Gadwal market during December, 2023

    Arrival Maximum price Minimum price Modal price


    Date
    (Quintal) (Rs/quintal) (Rs/quintal) (Rs/quintal)
    1 95 5,520 4,691 5,450
    2 36 5,430 5,120 5,360
    4 138 5,436 4,620 5,250
    5 87 5,419 4,756 5,119
    6 76 5,421 2,001 5,418
    7 45 5,389 5,311 5,311
    8 54 5,449 4,719 5,449
    9 37 5,427 5,281 5,427
    11 126 5,436 4,820 5,402
    13 72 5,469 5,119 5,330
    14 84 5,459 4,710 5,385
    15 29 5,445 4,816 5,319
    16 36 5,439 5,256 5,369
    18 139 5,469 2,001 5,401
    19 74 5,470 5,310 5,460
    20 48 5,481 4,901 5,451
    21 28 5,451 5,109 5,361
    22 21 5,472 4,952 5,392
    23 9 5,440 5,202 5,330
    28 62 5,425 3,331 5,425
    29 24 5,411 5,325 5,411
    30 21 5,369 5,169 5,311
    Source: http://tsmarketing.in

    The castor oil export last year between April and October was 3.66 lakh tonnes, which
    during the current year in the same period decreased to 3.56 lakh tonnes. Similarly, Last year the
    castor seed meal export between April and November last year was 2.35 lakh tonnes, which during
    the current year in the same period increased to 2.54 lakh tonnes.
    Under these circumstances, Agricultural Market Intelligence Centre, PJTSAU expects that
    Castor may trade in price range between Rs. 5300 - 5500 per quintal in the month of January 2024.

    Agricultural Market Intelligence Centre, PJTSAU Page 4

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