February 19, 2008 - ...use), castor oil has traditionally been an export-oriented commodity.It is used in making soaps, paints, resins, lubricants and so on.Yearly exportsAnnual exports of the oil are about 1.5-2.0 lakh tonnes by volume and about Rs 600-800 crore by value. India is the world’s largest producer, consumer and exporter of castor oil.Much of the value addition after processing of castor oil is done overseas; and a handful of international trading houses that regularly buy the...