Ukraine: Prices for sunflower oil with delivery to customers remain at $965/t

India increased its imports of food oil to a record 1.76 million tons in July, as processors actively increased stocks on the eve of the festivals, given the instability of supplies from the Black Sea region, as well as an increase in the discount on palm oil compared to soybean and sunflower oil. The increase in imports by the world's largest buyer of vegetable oils will lead to a reduction in palm oil stocks in Malaysia and Indonesia, support prices for basic products and soybean oil, and will also contribute to a decrease in stocks in the Black Sea countries producing sunflower oil. According to the Producers Association of India (SEA), in MY 2021/22, the country imported an average of 1.17 million tons of edible oils monthly, including 1.3 million tons in June. According to dealers, in July, palm oil imports increased by compared with June from 683.133 thousand tons to a 7-month high of 1.09 million tons, sunflower - by 73% to a 6-month high of 330 thousand tons, while soybean ...