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Impact of Jatropha on the Rural Economy
Nevertheless, the impact of jatropha cultivation is observable in national (especially rural) economies engaged in its production. The cultivation of jatropha as a source of alternative energy has several benefits in an economy based on agriculture having a deficit in terms of fossil fuels.
The production of jatropha biofuel solves the unemployment crisis considerably and also ensures the optimal usage of arable land. Moreover, it also makes the production and consumption of fuels more economical, especially if one considers the huge margin of profit gained owing to the large financial difference in the investment and the procurement. Jatropha prices are less in the case of the seeds and higher for the extracted oil and its derivatives.
Price of Jatropha Seeds
A number of entrepreneurs have faced a minor obstacle since the popularization of jatropha as a potential fuel source. This is the simple fact that since jatropha is being cultivated widely on a commercial basis, the prices of seeds have risen in recent years.
Price of Jatropha Oil
Another component in jatropha prices is the price of the extracted oil. Currently, the price OMG...is fixed at 1 Euro (approximately $1.50) for every liter. Nevertheless, the rate is expected to decrease during the next ten years or so.
Factors Influencing the Cost of Jatropha Seeds and Oil
On the other hand, one advantage with the cultivation of jatropha is the fact that its seeds are quite inexpensive. It is most probably due to this, that the increase in the jatropha prices for the seeds has also been quite negligible.
The cost of jatropha seeds also vary depending on the genetic variety of the seeds and the corresponding quality and quantity of the output. However, general figures indicate that the current prices for the seeds are quite low as compared to the cost of the oil.
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Jatropha prices are quickly coming into consideration with the rapid acceptance of the plant's oil across the world as a potential source for alternative fuels like biofuels and biodiesel. This includes not just the cost of jatropha seeds, but also the prices of the end products of this industry.
Emergine Jatropha Markets
Although jatropha as a fuel solution has been acknowledged as an exceptional substitute for the more widely employed counterparts like fossil fuels (which, in turn, primarily include coal and petroleum), it is still in the process of acquiring a stable market.
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