Business

High demand for Jamaican black castor oil in United States

Sunday, February 03, 2019

Print this page Email A Friend!


KINGSTON, Jamaica (CMC) – A new study on the local castor oil industry is showing significant potential for Jamaican black castor oil in the United States.

The Complete Caribbean study indicates that the US market for the product stands at about US$28 million.

“The potential sales are much higher than I thought they would ever be,” said Private Sector Development Specialist with Complete Caribbean, Frankie Whitwell, who presented the research findings at a recent seminar hosted by the Government's investment promotion agency Jampro .

“We have to increase production, among a raft of other measures,” he added.

In an interview with the Jamaica Information Service (JIS), Director of the Jamaica Castor Industry Association (JCIA) Shirley Lindo noted that the findings indicate “the high value of the local castor bean.”

She pointed to the need for policies to adequately and clearly define the Jamaican black castor oil and implementation of geographic indicators (GI) to ensure its protection.

GI, according to the World Intellectual Property Organisation (WIPO), is a sign applied to products that have a specific geographical origin and possess qualities or a reputation that are due to that origin.

In order to function as a GI, a sign must identify a product as originating in a given place.

“We have taken too long to claim this oil for ourselves. It needs protection. I am a producer and I have had a situation where (foreign) companies have undermined my bid because of pricing because the consumers, who do not know what the product is, will go with price,” she said.

Vice-President of sales and promotions at Jampro Claude Duncan, in his presentation, noted that the agency is driving the growth of the local castor oil industry in order to command a greater share of the global market estimated at close to US$4 billion.


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


ADVERTISEMENT




POST A COMMENT

HOUSE RULES

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 Some comments may be republished on the website or in the newspaper � email addresses will not be published.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
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT