India set for record soyoil imports as Russia-Ukraine war disrupts sunflower shipments
India's soyoil imports are projected to reach a record high in August due to competitive pricing and increased festive demand. Meanwhile, sunflower oil imports from Russia and Ukraine are expected to drop to 180,000 metric tons, the lowest since February 2026, marking a 28% decline from the previous month. This shift underscores the impact of the ongoing Russia-Ukraine conflict on global oil supplies.