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Upgraded the potential of the imports of sunflower oil to India in 2018/19 MG
According to the April forecast by the USDA, imports of sunflower oil to India in 2018/19 MG will be 2.4 million tons, which is almost 10% higher than the previous estimate (2.2 million tons). However, according to analysts, the rate will not exceed the amount of import in 2017/18 MG, which became the record – 2,5 million tons.
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Recall that the main supplier of these products in India is Ukraine with a share of the supply of 96% in 2017/18 MG. This season, India is showing more interest in sunflower oil originating from Argentina in connection with the increased supply.

According to IA "APK-inform", during September-February of the current season Ukraine exported to India 1.2 million tons of sunflower oil, which is 3% higher than the same period last season.

"In my opinion, the USDA underestimates the import demand of India, it is only from Ukraine on this market can be supplied more than 2.5 million tons of sunflower oil, and given other suppliers the potential of higher import 2.6 million tons", – said the analyst of IA "APK-inform" Julia Ivanitskaya.

Translated by service "Yandex.Translation"
Источники: Зерно Он-Лайн
Monday, 14 October 2019
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