The present invention relates to a novel oil extracted from the seeds of Momordica charantia L., for topical application to a body of mammal and used as anti-inflammatory, anti-arthritic, vasculodilatory and wound healing agent, said oil essentially comprising capric acid 0.7-1.2% by wt., lauric acid 0.6-1% by wt., palmitic acid 42-5.0% by wt., stearic acid 59-62% by wt., oleic acid 13-15% by wt., archid acid 3-5% by wt., linoleic acid 8-10% by wt., and other undetected minor acids 6-8% by wt.; and a process for producing such oil.