The war has impacted the import of sunflower oil from Russia and Ukraine. The price of refined sunflower oil in Maharashtra markets is in the range of Rs2,650- Rs3,100 per 15 litres
The Russia-Ukraine war has seen the rise of branded sunflower oil touching an all-time high: around Rs3,000 per can of 15 litres. The same can, last year, could be bought for Rs 2,400.
The war has impacted the import of sunflower oil from Russia and Ukraine. The price of refined sunflower oil in Maharashtra markets is in the range of Rs2,650- Rs3,100 per 15 litres.
India imports more than 70% of sunflower oil from Russia and Ukraine. Due to connectivity problems, the supply has been hampered. With the stoppage in supplies of sunflower oil, there has been a rush to other varieties of cooking oil such as palm, groundnut and soybean, which are witnessing a demand-supply mismatch over the last few months.
B V Mehta, Executive Director, Solvent Extractor’s Association of India, said, “The prices may come down as the harvest of soybean and mustard is good and local oil producers may supply oil in good quantities in the coming days.”
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