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Sunflower oil imports could jump to record as prices dip below soyoil

India is the world's biggest importer of edible oils and higher purchases of sunflower oil could help exporters such as Argentina, Russia and Ukraine to dispose of surplus output.

Topics
edible oil  | India oil imports

Reuters  |  MUMBAI 

By Rajendra Jadhav MUMBAI (Reuters) - India's imports of sunflower oil could rise to a record in 2021/22 as potential bumper crops in Russia and Ukraine pull prices below rival soyoil, making it lucrative for price-sensitive buyers from the subcontinent, industry officials said. India is the world's biggest importer of edible oils and higher purchases of sunflower oil could help exporters such as Argentina, Russia and Ukraine to dispose of surplus output. Higher sunflower oil imports could cap India's purchases of soyoil and palm oil, however, and weigh on prices of ...

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First Published: Mon, August 09 2021. 16:16 IST
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