At oil export front, volume was seen increasing in comparison to April-2016. India exported 45948.22 tonne castor oil in May-16, higher by 4.81 %(43839.45 T) from April- 2015.China, EU and US were active buyers throughout the year as seed and oil prices continue to rule lower in comparison to previous year. India exported castor oil at an average FoB of $1157.62 per tonne in May-2016, slightly lower from previous month. More dip in average FoB quote is unlikely as Agriwatch expects market to stabilize around $1100 to $1120 per tonne for common grade, Commercial grade may hover in between $870 to $920 per tonne during next one month.
Archive for June, 2016