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India's sunflower oil imports hit four-year low on Black Sea disruption; palm oil rises
MUMBAI: Indian sunflower oil imports fell in September to their lowest level in more than four years after the Ukraine war disrupted shipments, prompting refiners to increase palm oil purchases to their highest level in seven months, five dealers said. Higher palm oil buying by the world’s biggest importer of vegetable oils could help top producers Indonesia and Malaysia in bring stocks and support benchmark palm oil futures. India’s sunflower oil imports plunged 36% from a month earlier to 103,000 metric tons in September, the lowest since April 2022, dealers’ average estimates showed. Palm o...
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