Story thread · 2 reports / 2 sources

India seeks sunflower oil alternatives

economictimes.indiatimes.com · 12dShare

India, the world’s top sunflower oil buyer, is rushing to secure supplies of alternate vegetable oils as attacks in the Black Sea region disrupt imports and its own crops falter due to weak monsoon rains.With shipments from top producers Russia and Ukraine facing delays of up to 60 days and prices rising, according to traders, the country is turning to South American suppliers and to rival oils like palm and soy to plug the import gaps. Attacks in the Black Sea are “definitely affecting us,” said Mannan Khan, director of MK Agrotech Pvt. Ltd., a vegetable oil importer and distributor in the southern Indian city of Mysore. Dozens of his shipments, especially from Russia, have been delayed, he added.ALSO READ | India's edible oil imports to surge July-October as supplies shrink before festivalsThe company was forced to source half its sunflower supply from Argentina as violence in the Black Sea region intensified in the past month. Khan is also “betting on” Australian canola oil, subbing

First report: India Seeks Sunflower Oil Alternatives on Black Sea Disruptions — bloomberg.com, 12d