India will import another 200,000 tons of sunflower oil by the end of March

게시됨 2023년 3월 14일

Tridge 요약

India is set to import 1.5 million tons of duty-free sunflower oil this financial year, which is 500,000 tons less than the government's quota. The country sources most of its sunflower oil from the Black Sea region, which is a major producer and exporter of the oil. The status of agreements with Ukraine and the Russian Federation for the purchase of large batches of vegetable oils is uncertain, increasing traders' concerns. The extension of the Black Sea Grain Agreement, which allows the delivery of agricultural products from Ukraine through Black Sea ports, is doubtful, leading to higher freight and insurance costs and deterring buyers from the region. Meanwhile, prices for Ukrainian sunflower oil have dropped by 8% to $1,060/t CIF due to low demand from India and increased offers from Russia.

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원본 콘텐츠

During the current financial year (ending March 31), India will import 1.5 million tons of duty-free sunflower oil, which is 500,000 tons less than the quota allocated by the government, trade and government sources said. India, the world's largest importer of vegetable oils, buys sunflower oil from the Black Sea region, which accounts for 60% of global production and 76% of sunflower oil exports. In FY 2022/23, the country has already imported 1.3 million tons of duty-free sunflower oil, and by March 31, it can buy another 200,000 tons. The reduction in imports increases the concerns of traders regarding the conclusion of agreements for the purchase of large batches of vegetable oils from Ukraine and the Russian Federation. The Black Sea Grain Agreement, which was concluded through the mediation of the UN and Turkey in July for 120 days, and which was extended in November, should be renewed on March 18 and will allow the delivery of agricultural products from Ukraine through the ...

출처: Graintrade