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04 April 2016

Castor Oil Export In March declines By 19%

New Delhi . Castor oil monthly export declined by19 %  in March-2016 in comparison to Feb due to one week holiday  at year end closing /settlement. Demand for oil is expected to remain weak as mostly importers have covered their immediate needs taking advantage of lower price.April is likely to end with 4 to 5  percent lower oil export in comparison to March-2016.India has exported 42997 tonne oil in March,while it may touch 40,000 tonne in April,-2016.

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