On this page
Russian sunflower oil to India: 20,000-ton cargo cancelled, 60,000 tons delayed after Black Sea port attacks
Sunflower oil imports (edible oil category) are pushing Indian buyers towards palm oil, with 150,000 tons of crude palm oil bought in three days ahead of the festival season. Russian sellers are turning to Baltic ports such as St Petersburg and Ust-Luga.
The numbers
Figures from Deccan Herald Business,
| India monthly sunflower oil import need: | 2,50,000 tons |
|---|---|
| October sunflower oil shipments could fall to: | 1,60,000 tons |
Why it matters to operators and investors
With October sunflower oil arrivals possibly falling to 1,60,000 tons against a 2,50,000-ton monthly need, and rerouted Baltic cargoes taking 10 more days, edible oil buyers should lock in palm and other substitute supply now and plan festival-season stock and pack mix around the gap.
What to watch next
- Further attacks on, or closures of, Black Sea ports that would add to the 20,000-ton cancellation and the 60,000 tons delayed
- Actual October sunflower oil arrivals compared with the 1,60,000-ton estimate
- Further bulk purchases of crude palm oil after the 150,000 tons booked in three days, and the price trend for those purchases
- Arrival dates for the delayed 60,000 tons through Baltic routes
- Any government move on edible oil duties or stock limits, and retail oil price changes ahead of the festival season
The source
Published
First seen