Sunflower Oil Shipments to India at Risk on Ukraine Conflict
- Fate of over 350,000 tons of exports uncertain, Bajoria says
- India bought 74% of sunflower oil needs from Ukraine last year
Ukraine and Russia account for almost 80% of the world’s sunflower oil shipments.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Shipments of more than 350,000 tons of sunflower oil to India, the world’s biggest buyer, are at risk as Russia’s attack on Ukraine disrupts logistics and loadings at some ports.
Traders in the South Asian nation, also the top purchaser of palm and soybean oils, have contracted to import 550,000 tons of sunflower oil from Ukraine and Russia for deliveries in February and March, according to Sandeep Bajoria, president of the International Sunflower Oil Association. About 180,000 tons have already left, but the fate of the rest is now uncertain, he said.