Ukraine crisis: 380,000 tonnes of sunflower oil shipments to India stuck at ports
The Black Sea region accounts for 60% of world sunoil output and 76% of exports, and India is the top global edible oil importer.
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The Black Sea region accounts for 60% of world sunoil output and 76% of exports, and India is the top global edible oil importer.
About 380,000 tonnes of sunflower oil shipments from the Black sea region to India are stuck at ports and with producers, and new purchases have stalled after ports suspended operations following Russia's invasion of Ukraine, four dealers told Reuters.
Indians will probably buy expensive cooking oils from overseas for at least another 15 years, as demand continues to far outpace domestic production.
India, one of the world’s largest buyers of vegetable oils, has struggled to wean itself off imports.
Indians will probably buy expensive cooking oils from overseas for at least another 15 years, as demand continues to far outpace domestic production. Consumption is expected to climb in India by as much as 17 percent over the next four years, according to B.V. Mehta, executive director of the Solvent…