Is It Now a Good Time to Export Sunflower Seed Oil to India?

tendata blogExport News

ten data blog03-04-2024

Import Volume of Indian Sunflower Oil and Soybean Oil Increases, While Palm Oil Imports Decline

The increase in import volumes of Indian sunflower oil and soybean oil resulted in the highest total edible oil imports in six months for India in March, reaching 1.149 million tons, an 18.7% increase compared to the previous month.


Indian sunflower oil imports in March increased by 51% compared to the previous month, reaching the second-highest level on record, attributed to refinery purchases increasing due to price declines, while purchases of competing palm oil decreased.


India, the world's largest importer of vegetable oils, reduced its purchase of palm oil, which may limit the upward trend of Malaysian benchmark palm oil futures, currently approaching their highest level in a year. Increased purchases of sunflower oil are expected to help reduce sunflower oil stocks in the Black Sea region.


According to estimates from distributors, sunflower oil imports in March surged by 51% to 448,000 tons, the second-highest on record. They reported a 3.3% decline in palm oil imports to 481,000 tons, the lowest since May 2023.


The import price for crude palm oil (CPO) for May delivery to India is approximately $1,020 per ton, including cost, insurance, and freight (CIF), while prices for soybean oil and sunflower oil are around $1,000 and $960 per ton, respectively.


Although palm oil typically trades at lower prices than soybean oil and sunflower oil, declining inventories have driven its price above that of its well-supplied oil competitors.


Rajesh Patel, Managing Partner at GGN Research, a trading and brokerage firm specializing in edible oils, stated that sunflower oil prices remain highly competitive, ensuring continued increases in imports even during April and May.


Estimates indicate a 27% increase in soybean oil imports in March, reaching 220,000 tons, significantly lower than the monthly average import volume of 306,000 tons for the previous sales year ending October 31.


According to Indian export data, India primarily purchases palm oil from Indonesia, Malaysia, and Thailand, while importing soybean oil and sunflower oil from Argentina, India, Russia, and Ukraine.


sunflower seed oil export,oil export,oil export to india


When considering investments in the export of Indian sunflower oil and soybean oil, you may want to address the following questions:

1. How to select sunflower oil and soybean oil for export?

2. Which countries offer higher profits for exports? Where do other companies export sunflower oil and soybean oil?

3. How to find stable, reliable, and in-demand importers of sunflower oil and soybean oil in these export destination countries?

4. ...


Launching exports of Indian sunflower oil and soybean oil may require significant time for market research to address these questions one by one. We recommend a tool that can save you up to 500% of your time—Indian export data!


With Indian export data, you can:

1. View recent three-year, one-year, or even monthly exports of sunflower oil and soybean oil from India, allowing you to follow the footsteps of other companies and select the most suitable sunflower oil and soybean oil for export.

2. See where competitors export sunflower oil and soybean oil and further understand the tariffs, costs, and profit situations in those countries.

3. Instantly find hundreds or thousands of importers of sunflower oil and soybean oil in destination countries, helping you quickly generate customer lists!

4. ...

Is Indian export data really that magical? Let's take the example of "sunflower oil" and see the export situation from India in 2023 (for complete details, please contact Tenda for a free demo).




>>>Click to Get Free Access to Customs Data from 80+ Countries<<<

Is Free Customs Data Useful?

Currently, customs data in the market is divided into two categories: paid and free. According to Tendata's knowledge, many customs data companies claim to have developed a free customs data system. However, the core intention is to attract traffic for secondary marketing and profit.


customs data,international market,find customers


Shanghai Tendata iTrader provides detailed customs data inquiries from 80+ countries, (>>>Click to Use Data Analytics for Free Online) statistical data inquiries from 27 EU countries, millions of genuine and accurate purchaser information, and detailed information on successful client bill of ladings. With its system capable of generating 17 types of market data analysis reports with a single click, Tendata iTrader assists management in making informed decisions effortlessly.


>>>Click to Inquire<<<


Leave Message for Demo Request or Questions

We always appreciate your visit at tendata.com. We'd love to hear your suggestions, feedback & queries. Please contact us to schedule a demo or learn more about our services. We will respond to your query within 1 working day.
  • Full company name please

  • 输入您的手机号

  • 输入您的邮箱

  • Fill in the code please

More Popular Blogs

These related articles may also be of interest to you

Geting Price

Global Trade Data Leader
Get Pricing
Demo
Free Demo
'Target Customer
'Acquisition & Intelligent
'Decision-Making
'Global Trade Marketing Intelligent
'Decision-Making SaaS Platform

Welcome Tendata · iTrader

Please fill in the infos to get free demo

  • *

    Enter your name please

  • *

    Full company name please

  • *

    输入您的邮箱

  • *

    输入您的手机号

  • *

    输入验证码

  • Read and agree to Service Agreement and Privacy Policy

中文