Russia to remain largest supplier of sunflower oil to India in 2025

Published 2024년 12월 5일

Tridge summary

India's sunflower oil imports are projected to decline from 3.5 million tons to 3.2 million tons next year, primarily due to a reduced harvest in Russia, which remains the largest supplier with 1.6 million tons. Additionally, India plans to import 200 thousand tons of soybean oil from Russia. The increased export duties on Russian sunflower oil have led to higher prices, potentially making Ukrainian or Argentine oil more attractive. In the 2023-2024 financial year, India imported 3.5 million tons of sunflower oil, with Russia, Romania, and Argentina as the main suppliers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India's sunflower oil import volumes will decrease slightly next year, while Russia will retain its position as the largest supplier of this product to the South Asian republic. This was reported to TASS by Sandeep Bajoria, President of the International Association of Sunflower Oil Producers. "In general, India's sunflower oil import volumes will decrease next year from the current 3.5 million tons to 3.2 million tons. Next year, supplies will be slightly lower, since the sunflower oil harvest in Russia is lower. Imports from Russia will amount to 1.6 million tons, that is, about 50% of all supplies," he said. According to his forecasts, India will also purchase 200 thousand tons of soybean oil from Russia. At the same time, Bajoria pointed to the increased export duties on sunflower oil in Russia. "In November, they were around $29-30. In December, they were around $88.5 per metric ton. Thus, the price of Russian oil has increased slightly," he noted. In this regard, according ...
Source: Kvedomosti

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