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India's sunflower oil imports may decline
July 20, 2023
|Mint Mumbai
India's imports of sunflower oil are likely to fall in the coming months as it becomes uncompetitive against rival oils due to rising prices after Russia withdrew from the Black Sea grain deal, industry officials told Reuters.
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The drop in sunflower oil imports would force the world's biggest buyer of vegetable oils to increase purchases of palm oil and soyoil to compensate.
A year-long deal allowing the safe Black Sea export of Ukraine's grain expired on Monday after Russia quit and warned it could not guarantee the safety of ships, in a move the United Nations said would "strike a blow to people in need everywhere".
هذه القصة من طبعة July 20, 2023 من Mint Mumbai.
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