Europe pays higher price for sunflower oil and this is diverting part of Ukrainian supplies from India

Indian sunflower oil market by offering larger volumes. “In addition, it should be taken into account that Europe is currently paying a higher price, and this is diverting part of Ukrainian supplies from India. But I want to emphasize: when a Ukrainian seller appears on our market, Indian buyers always prefer Ukrainian oil. It is a matter of trust and quality. We already import about 16.5 million tons of vegetable oil per year, and this demand is growing by at least 1 million tons annually. Therefore, India is ready to continue buying – no matter how much Ukraine produces,” said Bajoria. As for soybean oil, Argentina remains India’s key supplier at present: India buys about 50% of their exports. “At the same time, we are open to other directions – we are open to buying as much as Ukraine can give us. We are open to buying from Russia, buying from China. We are already taking some from Turkey, some from Iraq and Egypt. In 2026, our soybean oil imports will be 5.5 million tons, so ...