The Hindu·3 min read·medium
India set for record soyoil imports as Russia-Ukraine war disrupts sunflower shipments
R
Reuters
✦AI Summary
India is expected to reach record soyoil imports in August as the Russia-Ukraine war disrupts sunflower oil supply chains. Refiners are shifting to soyoil due to competitive pricing and supply shortages from the Black Sea region.
India’s soyoil imports are set to hit a record high in August as competitive prices prompt refiners to boost purchases for festive demand, while disruptions to sunflower oil shipments due to the Russia-Ukraine war push buyers to switch oils, dealers said.
economybusinessfood
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