Skip to main content

The Castor oil Market in Africa

The castor oil market in Africa is experiencing growth, driven by its increasing demand in various industrial applications. 

Here are some insights into the market:

South Africa: The retail price range for castor oil in South Africa is between US$ 13 and US$ 24 per kilogram, or between US$ 5.9 and US$ 10.88 per pound. 

The wholesale price range for 2023 is estimated to be between US$ 9.8 and US$ 16.8 per kilogram. The export price of castor oil from South Africa has been predicted to be around US$ 4.50 per kilogram for 2023.

Global Market: The global castor oil market size is projected to reach USD 2.84 billion by 2027, growing at a CAGR of 4.3% from 2020 to 2027.

 Nigeria, being part of the African continent, has the opportunity to tap into this growing market by increasing its production and export of castor oil.

Market Drivers: The demand for castor oil is being driven by its utilization in biodiesel feedstock, as well as in paints, soaps, lubricants, and other sectors. The market value is expected to grow at a CAGR of 3.4% in the forecast period of 2024-2032.

These insights indicate that the castor oil market in Africa, particularly in countries like South Africa and Nigeria, holds significant potential for growth and expansion in the coming years. 

The increasing global demand for castor oil and its derivatives, especially for sustainable applications like biodiesel, paints a promising picture for the African castor oil market...click here to continue reading

Comments

Post a Comment

Popular posts from this blog

Land Preparation in Castor seeds farming

Land preparation for castor seed farming involves more than just ploughing and harrowing.  Here's a breakdown of the key activities:  ðŸ‘‰ Ploughing and Harrowing:     These are fundamental steps to loosen the soil, break up clods, and create a suitable seedbed.  ðŸ‘‰Weed Removal:     It's crucial to eliminate existing weeds to prevent competition for nutrients and water.  ðŸ‘‰Soil Enrichment:    Adding organic matter, such as compost or manure, improves soil fertility and structure.  Soil testing and the application of necessary fertilizers may also be required.  ðŸ‘‰Leveling and Bedding:     Leveling the land ensures even water distribution. Forming ridges and furrows can aid in drainage and irrigation.  ðŸ‘‰Preparation for Sowing:     Creating a pulverized seed bed, that is loose, and friable.  ðŸ‘‰ Drainage considerations:     Because Castor plants do not like water logged soils, ensu...
Post a Comment
Read more

Types of weeds that attack castor crops and their remedies.

These are the types of weeds that attack castor crops and their remedies: Types of Weeds:  * Broadleaf Weeds:    * Amaranthus viridis    * Boerhaavia diffusa    * Celosia argentena    * Portulaca oleracea    * Trianthema portulacastrum    * Digera arvensis    * Corchorus olitorius    * Cyanotis cucullata    * Cleome viscosa    * Commelina bengalensis    * Croton sparsiflorus    * Parthenium hysterophorus  * Grasses:    * Chloris barbata    * Cynodon dactylon    * Dactyloctenium aegyptium    * Bracharia reptens    * Panicum flavidum  * Sedges:    * Cyperus rotundus    * Cyperus esculentus Remedies :  & Cultural Practices:    * Intercultivation: Using tractor or bullock-drawn blade harrows, especially 20 to 60 days after seeding, is effective.    * Manual Wee...
Post a Comment
Read more

Some Agronomic practice for castor seeds farming 1

1. Preparation of the field       Plough two-three times with country or mould board plough. 2. Application of Organic Manures       Spread 12.5 t/ha of FYM or compost evenly on the main field before last ploughing and incorporate in to soil by working a country plough. Apply 30 kg sulphur/ ha through gypsum at the time of last ploughing for higher castor yield. NOTE: Do not leave FYM or compost exposed to sunlight as nutrients will be lost. 3. SEED RATE       Adopt a seed rate of 10 kg/ha for varieties and 5 kg/ha for hybrid. 4. SPACING  Adopt the following spacing.   Rainfed situation Irrigated situation Varieties 90 cm x 60 cm 90 cm x 90 cm Hybrids 120 cm x 90 cm 150 cm x 120 cm In irrigated conditions, for clay soils wider spacing of 150 x 150 cm can also be adopted. For TMV 5 short duration variety 60 x 30 cm may be adopted. 5. APPLICATION OF FERTILIZERS Apply NPK fertilizers basally as per soil te...
Post a Comment
Read more