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Ukraine war may result in 25% supply shortage of sunflower oil in India: Report

Around 70 per cent of crude sunflower oil comes to India from Ukraine and about 20 per cent from Russia.

March 31, 2022 / 03:30 PM IST

The ongoing war in Ukraine, which is the world’s largest sunflower grower, is likely to result in at least 25 per cent or 4-6 lakh tonnes shortage of crude sunflower oil supplies in India next fiscal, according to a report.

Around 70 per cent of crude sunflower oil comes to India from Ukraine and about 20 per cent from Russia.

Balance sheets of domestic edible oil processors are healthy enough to withstand supply disruptions caused by the Russian invasion of Ukraine but will have a bearing on the production planning of domestic edible oil processors, rating agency CRISIL said on Thursday.

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