India imports more than 70% of its sunflower oil from Russia and Ukraine. The supply had been severely hampered by the war. As a result of demand-supply mismatch, refined sunflower oil prices in local markets rose and ranged between 2650 and 3100 INR/15 L. According to data from the Solvent Extractors' Association of India, India imported 715,934 MT SFO from Ukraine and 121,323 mt from Russia in the first four months of India's vegetable oil marketing year 2021-22 (November-February).
Procurement Resource provides latest prices of Refined Sunflower Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Refined Sunflower Oil for several regions around the globe, which are as follows:
About Refined Sunflower Oil:
Refined Sunflower Oil is a non–volatile oil extracted from the seeds of the sunflower plant. It is commonly used as a Frying Oil in food and as an Emollient in cosmetic formulations. It is a Monounsaturated/Polyunsaturated oil mixture primarily composed of Oleic Acid (Omega–9 fatty acid) and Linoleic Acid (Omega–6 fatty acid). The oil content of the seed ranges between 22% and 36%.
Sunflower seeds are first picked and washed to remove contaminants, and then de-husked and pulverised. After flaking and steaming the embryo in the frying pan, the fried product is pre-squeezed from the oil and the leftover oil is extracted using solvent leaching; the crude oil is then purified via precipitation and filtration. Finally, the oil is dissolved into the refined oil, degummed, decolorized, deacidified, and deodorised.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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