1. Castor remains our forte © Jayant Agro-Organics Limited Apr 2004 ABHAY V. UDESHI JAYANT AGRO-ORGANICS LTD. MUMBAI, INDIA CASTOR OIL MARKET OUTLOOK 2007 ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

2. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India INDIAN FACTORS FOR CASTOR GROWING MONSOONMONSOON RETURN ON INPUT COSTSRETURN ON INPUT COSTS PRICING –COMPARISON TO OTHER VEGOILSPRICING –COMPARISON TO OTHER VEGOILS AND AGRI-PRODUCE LIKE WHEAT, VEGETABLES, ETC. AND AGRI-PRODUCE LIKE WHEAT, VEGETABLES, ETC. DEMAND/SUPPLYDEMAND/SUPPLY STOCKS IN HANDSTOCKS IN HAND ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

3. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India MONSOON FACTOR ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007 Monsoon – According to India Meteorological Department (IMD) – Normal monsoon predicted for the year 2007. More then 70% of India’s population (1.1 bn) depend on agriculture for a livelihood and it contributes 22% of the country’s GDP.

4. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India RETURN ON INVESTMENTS Indian Castor Futures Market – Return yields are about 2-3 % per month encouraging traders/stockists to make good investments in castor seeds trading. ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

5. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India INTERNATIONAL VEGOILS ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

6. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India INTERNATIONAL VEGOIL PRICES – EX-ROTTERDAM May 02May 07 Change $/t $/t % $/t $/t $/t % Soya Oil 454 778 324 +71 Sunflower Oil 594 800 206 +35 Rape Oil 485 829 344 +71 Palm Oil 390 750 360 +92 Palm Kernel Oil 416 815 399 +96 Coconut Oil 421 860 429 +102 Castor Oil733 1260 527 +72 ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

7. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India INDIAN VEGOIL PRICES May 2002 May 2007 Change /t $/t $/t % $/t $/t $/t % Ground Nut Oil : 816 1560 744 +91 Soyabean Oil : 626 1145 519 +83 Sunflower Oil : 785 1285 500 +64 Cotton Oil : 645 1165 520 +81 RBD Palm Olein : 640 1120 480 +75 Castor Oil : 630 1055 425 +67 ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

8. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India Castor Seeds Production INDIA in Mtons from 1988 to 2007 ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

9. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India INDIAN CASTOR OIL BALANCE ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

10. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India DOMESTIC CONSUMPTION - PRICE SENSITIVE PAINTS : 25,000 MTONS LUBES : 15,000 MTONS OTHERS: 20,000 MTONS ==================== TOTAL : 60,000 MTONS ==================== CAN INCREASE IF PRICE DIFFERENTIAL BIG ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

11. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India CASTOR WORLD SUPPLY ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

12. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India CASTOR OIL EXPORTS FROM INDIA ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

13. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India WORLD CASTOR OIL 2007 SUPPLY INDIA : 316,000 MTONS BRAZIL : 43,000 MTONS CHINA : 52,000 MTONS C/OVER : 36,000 MTONS ========================= WORLD : 447,000 MTONS =========================DEMAND INDIA : 96,000 MTONS BRAZIL : 43,000 MTONS CHINA : 120,000 MTONS USA : 40,000 MTONS EUROPE :120,000 MTONS JAPAN : 20,000 MTONS THAILAND : 12,000 MTONS OTHERS : 15,000 MTONS =========================== WORLD : 466,000 MTONS =========================== ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

14. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India CASTOR OIL PRICE ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

15. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India Castor Oil Ex-tank Rotterdam Prices – upto April 2007 ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

16. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India Castor Oil Ex-tank Rotterdam Prices – upto April 2007 ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

17. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007 VOLATILITY

18. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India VOLATALITY ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

19. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India CURRENCY RS/USD ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

20. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India BIO-FUEL IMPACT ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007 INCREASE IN DEMAND OF VEGOILS FOR BIO-DIESEL PRODUCTION – EXPECTED TO GROW BY 2 MILLION TONS WITHIN THE NEXT YEAR ACREAGE SHIFT TO CORN IN USA FOR BIO-ETHANOL PRODUCTION THIS WILL PUT ADDITIONAL PRESSURE ON VEGOIL PRICES

21. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India CASTOR OIL MARKET VIEW ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007 DEMAND > SUPPLY WATCH OUT FOR INDIAN MONSOON DEVELOPMENTS CHINA IMPORT OF INDIAN C.O. – A BIG FACTOR !! WITH HIGHER PRICES – CASTOR SEEDS CROP LIKELY TO INCREASE FOR 2008 BIO-FUEL IMPACT INDIAN CURRENCY FACTOR OTHERWISE PRICES LIKELY TO REMAIN STEADY TO FIRM FOR THE YEAR 2007

22. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India MESSAGE TO INDUSTRY PROMOTE CONSUMPTION (being eco-friendly, technical advantageous and also quite price stable) LOOK FOR NEW APPLICATIONS (the industry needs higher growth) INDIA SUPPORTS CASTOR INDUSTRY ACROSS THE GLOBE ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007

23. © Jayant Agro-Organics Limited Apr 2004 Leading its industry in India THANK YOU JAYANT AGRO-ORGANICS LTD. Leadership through Innovation Over Fifty years of Castor Oil Manufacturing Experience Phone:+91-22-6697-0470 Fax: +91-22-6697-0474 E-Mail: jaol@vsnl.netjaol@vsnl.net Website : www.jayantagro.comwww.jayantagro.com ICOA GENERAL MEETING VENICE, ITALY MAY 10, 2007