Jamaica conducting study on castor oil industry

Wednesday, August 10, 2016

Print this page Email A Friend!

JAMAICA has undertaken a study on the local castor oil industry as the country moves to take advantage of a global market expected to value an estimated US$1.81 billion by 2020.

The study was commissioned by the Jamaica Promotions Corporation (JAMPRO) and examined recommendations for development and steps to capitalise on the Jamaica Black Castor Oil value chain.

JAMPRO’s manager of market development for agriculture and non-food manufacturing, Berletta Henlon Forrester, said heightened interest shown in JBCO had prompted her agency to conduct the study.

"We got questions from how to grow the product, how to process it…(to) where we could find markets. How can we market our Jamaican Black Castor Oil has been the most critical question," she said, adding that primary enquiries came from local stakeholders engaged in castor oil and castor bean production.

"Importantly, we have been getting enquiries from within the Caribbean for imports of bulk castor oil from Jamaica. We’ve got enquiries from buyers and distributors who want to take it to market," she added.

She said JAMPRO wants to ensure that Jamaica is "front and centre with this industry" indicating that there are many opportunities to be had from a lucrative castor oil industry, including the creation of more jobs.

"It’s the kind of product that can engage Jamaicans right across the island. It has the potential to create new enterprises," she said, adding that JAMPRO will facilitate the organisation of stakeholders into an association, which will enable greater leverage of the industry.

It is estimated that the global castor oil and derivatives market could reach US$1.81 billion by 2020. Biodiesel, lubricants and cosmetics are expected to drive the growth.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaperlive




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon