India’s demand for sunflower oil will grow
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India’s demand for sunflower oil will grow

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Consulting Agency UkrAgroConsult

UkrAgroConsult

India may increase sunflower oil purchases to 2.6 MMT in MY 2019/20 (up 8% from MY 2018/19), said Sunvin Group President Mr. Sandeep Bajoria.

According to forecasts, the annual volume of sunflower oil imports may exceed 3 MMT from MY 2020/21 and reach 3.5 MMT in the long term, by MY 2022/23, reports UkrAgroConsult.

India imports the product mostly from Ukraine (90% in MY 2018/19), Russia and Argentina. 

In MY 2019/20, supplies of Ukrainian sunflower oil are expected to drop by 24%, to 66%, with imports from Russia up at 25% against 4% a year ago and deliveries from Argentina up at 9% against 6%.

In September, India reduced its purchases to this year’s low of 126.8 KMT from 230 KMT in August, because of high sunoil inventories in the country (152 KMT).

More information is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative platform AgriSupp by UkrAgroConsult. Agrisupp is a reliable analytical tool for agri market participants with historical and current market data, daily updates on grain, oilseed and pulses markets. We offer 7-days trial! Completely free!

 

UkrAgroConsult

 

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