Sunflower oil shortage boon for palm oil producers

Business, International News, National News, News

New Delhi: Sunflower oil amid the ongoing Russia-Ukraine war has sent crude palm oil prices through the roof. The Geo-political worries in the Black Sea region.

India is a major importer of crude palm oil, as the country meets more than two-third of its edible oil needs through imports, of which palm oil accounts for more than 60 per cent. India imports more than 2.5 million tonnes of sunflower oil, including from Russia and Ukraine.

The war between Ukraine and Russia shook the major supply of sunflower oil, thereby disrupting the demand and supply of the entire global edible oil. India is one of the largest importers of sunflower oil, importing more than 2.5 million tonnes.

Leave a Reply