# Top buyer India's sunflower oil imports to fall as Black Sea grain deal expires

> Reuters reports India's sunflower oil imports are likely to fall as the Black Sea grain deal expires. Spot sunflower oil prices rose from $850 to $965 per tonne over five weeks on expectations of the deal lapsing and a rally in rival oils.

- Date: 2023-07-19 · published 2023-07-19T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/35172-top-buyer-india-s-sunflower-oil-imports-to-fall-as-black-sea-grain-deal-expires
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower Indian import demand would weigh on sunflower oil export prices, though the price rally driven by expected supply disruption and rival oil strength supports values in the short term.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-07-22 | [Ukraine war: Deal signed to allow grain exports to resume by sea - BBC News](https://feedsoft.ai/events/14474-ukraine-war-deal-signed-to-allow-grain-exports-to-resume-by-sea-bbc-news.md) | +2.5% | +4.3% |
| SBO | 2023-06-02 | [Despite the drop in prices, the rate of sunflower oil exports from Ukraine remains high](https://feedsoft.ai/events/35624-despite-the-drop-in-prices-the-rate-of-sunflower-oil-exports-from-ukraine.md) | +5.0% | +20.5% |
| SBO | 2024-12-04 | [Sunflower prices in Ukraine remain under pressure from falling export prices for sunflower oil](https://feedsoft.ai/events/27070-sunflower-prices-in-ukraine-remain-under-pressure-from-falling-export-prices.md) | +2.9% | -0.0% |
| SBO | 2025-05-01 | [India starts raising palm oil buying as prices fall below soyoil](https://feedsoft.ai/events/25224-india-starts-raising-palm-oil-buying-as-prices-fall-below-soyoil.md) | -2.2% | -1.3% |
| SBO | 2026-04-30 | [Argentina is increasing its sunflower oil and meal exports](https://feedsoft.ai/events/19830-argentina-is-increasing-its-sunflower-oil-and-meal-exports.md) | +0.5% | -3.5% |
| PALMOIL | 2021-07-01 | [India’s lower import duty a boon to Malaysia’s palm oil](https://feedsoft.ai/events/45940-india-s-lower-import-duty-a-boon-to-malaysia-s-palm-oil.md) | +1.7% | +9.8% |
| PALMOIL | 2025-05-01 | [India starts raising palm oil buying as prices fall below soyoil](https://feedsoft.ai/events/25224-india-starts-raising-palm-oil-buying-as-prices-fall-below-soyoil.md) | -5.0% | -3.1% |
| PALMOIL | 2026-04-24 | [China Sees Fourfold Increase in Sunflower Meal Imports](https://feedsoft.ai/events/19828-china-sees-fourfold-increase-in-sunflower-meal-imports.md) | -0.0% | -1.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/top-buyer-indias-sunoil-imports-fall-black-sea-grain-deal-expires-2023-07-19/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.