101 Days
Source:
الاقتصادية
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Source: الاقتصادية
101 Daysالاقتصادية
Source: الاقتصادية
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India, the world's largest importer of sunflower oil, is experiencing disruptions in oil imports due to Russian attacks on infrastructure in the Black Sea and delays in shipments from Russia and Ukraine, the two biggest producers, for up to 60 days. To meet the rising demand, India is turning to alternative sources such as Argentina, Australian canola oil, and oils like palm and soy, with expectations of increased exposure to these sources. These moves come amid a 6% rise in sunflower oil prices over the month and forecasts of a 40% increase in palm and soy oil imports, which could further pressure global prices and tighten the market due to climate-related impacts and the El Niño phenomenon.
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