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India stops buying sunoil as Ukraine conflict affects shipments: Dealers

About 380,000 tonnes of sunflower oil shipments from Black sea region to India are stuck at ports and with producers. New purchases have stalled after ports suspended operations post Ukraine crisis.

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India stops buying sunoil as Ukraine conflict affects shipments; (Photo: Bloomberg)

Reuters Mumbai
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.
 
There is no clarity when loading of the cargoes - worth $570 million at current prices - from Ukraine and Russia will resume, pushing Indian buyers to replace sunoil with soyoil and palm oil for March and April shipments, dealers said.

The Black Sea region accounts for 60% of world sunoil output and 76% of exports, and India is the top

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First Published: Feb 25 2022 | 12:58 PM IST

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