Europe pays higher price for sunflower oil and this is diverting part of Ukrainian supplies from India
The Indian sunflower oil market remains open to Ukraine, even despite the increase in supply from Russia and high European prices. This was stated by Sunvin Group CEO and President of the International Sunflower Oil Association (ISOA) Sandeep Bajoria during the Trend&Hedge Club.
According to him, Russia is trying to increase its presence in the Indian sunflower oil market by offering larger volumes.
“In addition, it should be taken into account that Europe is currently paying a higher price, and this is diverting part of Ukrainian supplies from India. But I want to emphasize: when a Ukrainian seller appears on our market, Indian buyers always prefer Ukrainian oil. It is a matter of trust and quality. We already import about 16.5 million tons of vegetable oil per year, and this demand is growing by at least 1 million tons annually. Therefore, India is ready to continue buying – no matter how much Ukraine produces,” said Bajoria.
As for soybean oil, Argentina remains India’s key supplier at present: India buys about 50% of their exports.
“At the same time, we are open to other directions – we are open to buying as much as Ukraine can give us. We are open to buying from Russia, buying from China. We are already taking some from Turkey, some from Iraq and Egypt. In 2026, our soybean oil imports will be 5.5 million tons, so we need different sources,” added Bajoria.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
Invest in the Best: What Attracts Investors in Agri Today
Ukraine ready to delay EU agricultural subsidies to speed up accession process
Global soybean processing to exceed 100 mln tons for the first time
Bangladesh’s corn imports rise amid expanding feed industry
Global rapeseed market expects increased supply from the EU
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon