Jayant Agro Group First Company to be certified on Sustainable Castor Oil and its Products in India

Jayant Agro Group has been certified according to the SuCCESS (Sustainable Castor Caring for Environmental & Social Standards) Code by an external thirdparty certification body empaneled by The Sustainable Castor Association. All the Group's production sites in Gujarat are the first sites in the industry to be certified. The Company has already started supplying its sustainable castor oil and its range of castor oil based products to the global markets meeting the SuCCESS supply chain code.

The Jayant Agro group have been the pioneers of the castor oil industry in India with an experience of over 70 years in the processing of castor seeds into various industrial and specialty chemicals for the world market. Castor Oil is non-feed, non-food, natural sustainable material which is at the heart of the Group's activities. The castor crop grows in tropical regions, it is drought resistant, easy to grow and easy to sell and is thus considered as an insurance crop by the farmers. The castor crop is a commercial crop and does not cause any deforestation.

For decades, Jayant Agro has been working towards improving productivity to provide economic benefits to the farmers for their continued interest in growing of castor. Sustainability has become a necessity and sustainable sourcing specifically is gaining more importance within our societies and amongst industry stakeholders across the globe. Responsible sourcing by major Chemical companies is driving Jayant's sustainability strategy as India accounts for over 85% of the global castor needs. With the SuCCESS certification of all its production sites, Jayant Agro Group will provide with responsibility, the entire range of its castor-based products under the supply-chain SuCCESS code to its esteemed customers. The company is deeply involved in a range of initiatives to enhance the sustainability of farming practices and the wellbeing of farmers and workers.

Jayant Agro-Organics Ltd, BASF, Arkema, and the international civil society organization Solidaridad launched project 'Pragati' in May 2016 to improve the working conditions, create awareness for sustainable farming and increase yields thanks to more efficient farming practices. The Pragati project was initiated after a baseline survey of more than 1,000 castor farmers in Gujarat, India, where the majority of the world's castor supply originates. The goal has been to support the sustainable production of castor beans and to establish sustainable supply chains that takes into consideration the environment and social factors and increases the yields and incomes of the farmers. The SuCCESS Code adopted 11 principles of ownership and provides smallholders with on-field support for ensuring monitoring and compliance with 41 mandatory and 25 non-mandatory control points. The Pragati Project also laid the foundation of the Sustainable Castor Association (www.castorsuccess.org) and the SuCCESS code (Sustainable Castor Caring for Enironmental and Social Standards). Since the project was initiated, more than 5,800 smallholders covering over 13,300 hectares of land have been certified for sustainable castor cultivation.

The Code SuCCESS is designed by multiple partners and stakeholders to ensure the objective of Pragati project and to develop sustainability principles for castor seeds that will guide and further allow castor producers to offer certified sustainable castor in the global market.

Shares of Jayant Agro Organics Limited was last trading in BSE at Rs. 249.75 as compared to the previous close of Rs. 244.50. The total number of shares traded during the day was 7971 in over 643 trades.

The stock hit an intraday high of Rs. 252.00 and intraday low of 242.95. The net turnover during the day was Rs. 1989620.00.

Source : Equity Bulls

Keywords

JayantAgroOrganics INE785A01026 SuCCESS Castor