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India's sunflower oil imports seen up 30% on duty cut, industry official says
MUMBAI: India’s sunflower oil imports are likely to rise 30% in the 2026/27 marketing year to 3.5 million metric tons, as a cut in import duties has lowered prices and boosted demand, the head of a leading industry body told Reuters on Wednesday. The surge in sunflower oil imports is expected to reduce soyoil purchases by 10.7% to 5 million tons in the next marketing year starting from November 1, said Angshu Mallick, president of the Solvent Extractors’ Association of India (SEA). “Because of the duty cut, sunflower oil is now more affordable for consumers. The duty reduction is expected to b...
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