The expert told how much India will reduce the import of Ukrainian sunflower oil

Recently, sunflower oil prices have traded at an unusually large spread to soybean oil. At the same time, the cost of production practically did not lag behind the prices of more premium domestic Indian peanut butter. The country is expected to reduce purchases of sunflower oil from Ukraine in the 2020/21 season by 12%. Sandeep Bajoria, CEO of Sunvin Group, told about this in an interview with Latifundist.com. “India is the largest importer of edible vegetable oils, but at the same time, this market is very sensitive to price fluctuations: elastic demand for liquid oils usually fluctuates between soybean and sunflower oil, and the price range between them is the main decisive factor in determining the choice”, - noted by Sandip Bajoria. Read on the topic: Storage of sunflower - what should be considered in order not to lose the quality of the oilseed? As the head said, the price situation, as in the current season, has not been observed for the last few years. This led to the fact ...