India buys record amount of sunoil amid Ukraine-Russia price warFILE PHOTO: A sunflower is seen in a field, amid Russia's attack on Ukraine, near a frontline in the village of Velykomykhailivka in Dnipropetrovsk region, Ukraine on Aug 15, 2023. Higher sunflower oil purchases by the world's biggest importer of vegetable oils will help to reduce sunflower oil inventories in the Black Sea region and lift sunoil prices. India on an average bought 250,000 tons of sunflower oil every month in the last marketing year, mostly from Black Sea region. In January 2023, India had imported a record 461,458 tons of sunflower oil. India buys palm oil mainly from Indonesia, Malaysia and Thailand, while it imports soyoil from Argentina, Brazil, and United States.

Source: Bangkok Post June 24, 2024 14:30 UTC