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India-Bound Sunflower Oil Shipments Cancelled Amid Black Sea War Disruptions
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CNBC TV18•07-10-2026, 19:02
India-Bound Sunflower Oil Shipments Cancelled Amid Black Sea War Disruptions
- •A 20,000-ton shipment of Russian sunflower oil destined for India was cancelled due to damage at Black Sea port infrastructure.
- •The Russia-Ukraine conflict has also delayed an additional 60,000 tons of sunflower oil shipments bound for India.
- •Russian sellers are shifting operations to Baltic Sea ports, which increases freight costs and adds 10 days to the voyage time.
- •October sunflower oil imports are expected to drop to 160,000 tons against a monthly demand of 250,000 tons.
- •Indian buyers have increased palm oil purchases to make up for tightening sunflower oil stocks ahead of the festival season.
Key Questions Answered
Attacks on Black Sea ports have disrupted exports from Russia, India's top supplier, leading to shipment cancellations and delays due to damaged port infrastructure and the ongoing conflict.
Russian sellers are attempting to ship sunflower oil from Baltic Sea ports such as St Petersburg and Ust-Luga, though this alternative route results in higher freight costs and an additional 10 days of voyage time.
With October sunflower oil imports projected to drop and demand rising for the festival season, India has increased its palm oil purchases, buying 150,000 tons of crude palm oil in just three days for upcoming shipments.
