Tag: India soyoil import

India set for record soyoil imports as Russia-Ukraine war disrupts sunflower shipments

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India set for record soyoil imports as Russia-Ukraine war disrupts sunflower shipments

Image used for representational purposes. File | Photo Credit: Reuters India’s soyoil imports are set to hit a record high in August as competitive prices prompt refiners to boost purchases for festive ​demand, while disruptions to sunflower oil shipments due to the Russia-Ukraine war push buyers to switch oils, ‌dealers said. Soyoil imports in August…

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India’s July edible oil imports to surge to record on robust palm buying: report

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India’s July edible oil imports to surge to record on robust palm buying: report

Higher palm oil purchases by India would reduce inventories in producer countries and support benchmark prices. File | Photo Credit: Reuters India bought a record amount of edible oils for July delivery, as refiners increased palm oil and soy oil purchases due to lucrative prices and ahead of an anticipated hike in import duties, industry…

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