India Seeks 60-Day Sunflower Oil Alternatives as Black Sea Attacks Snarl Supplies
Updated
Updated · Bloomberg · Jul 30
India Seeks 60-Day Sunflower Oil Alternatives as Black Sea Attacks Snarl Supplies
3 articles · Updated · Bloomberg · Jul 30
Summary
India is scrambling to replace sunflower oil imports after Black Sea attacks delayed shipments from Russia and Ukraine by up to 60 days, traders said.
The disruption hits the world's biggest sunflower oil buyer as weak monsoon rains also damage domestic crops, tightening edible oil availability from both abroad and at home.
To plug the gap, India is turning to South American suppliers and increasing purchases of rival vegetable oils including palm and soy.
The shift underscores how war-linked shipping disruptions and adverse weather are simultaneously reshaping global edible oil trade flows.