Castor Seed Market - Paraguay’s Exports of Castor Oil Seed Dropped 21% in 2014
Oleaginous Fruits August 25, 2015
Despite a rocky 2014, Paraguay continued its dominance in the global castor oil seed trade. In 2014, Paraguay exported 7,290 tonnes of castor oil seed totaling 4,954 thousand USD, 21% under the previous year. Its only trading partner on the global castor seed market was Brazil, where it supplied all of its total castor oil seed exports in value terms, accounting for the lion's share of Brazil's total imports.
From 2012 to 2014, Paraguay was a net exporter of castor oil seed. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced.
Pakistan and South Africa were among the other main global suppliers of castor oil seed in 2014. The fastest growing exporters from 2012 to 2014 were South Africa and the U.S. (+92% per year).
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Source: World: Castor Oil Seed - Market Report. Analysis And Forecast To 2020
