India has contracted 45,000 tonnes of Russian sunflower oil at a record high price for shipments in April as edible oil prices in the local market surged after supplies from rival Ukraine stopped because of the war, five industry officials told Reuters. Sunflower oil from Russia could help the world’s biggest edible oil importer in .
Refiners bought crude sunflower oil at a record price of $2,150 a tonne, including cost, insurance and freight, for April shipments, compared with $1,630 before Russia invaded Ukraine.
India has contracted 45,000 tonnes of Russian sunflower oil at a record high price for shipments in April as edible oil prices in the local market surged after supplies from rival Ukraine stopped because of the war, five industry officials told Reuters.