Sunvin Group CEO: India edible oil prices set to firm as Indonesia tightens palm exports, shifts to B50
Sunvin Group says India unlikely to face edible oil shortages thanks to soybean and sunflower substitutes, but prices may rise as Indonesia tightens palm oil exports and moves to B50 biodiesel blending. El Niño risk to Kharif output adds further import pressure.
Sunvin Group CEO warns India may see firmer edible oil prices as Indonesia tightens palm oil exports and shifts to B50 biodiesel blending, though shortages unlikely given soybean/sunflower substitutes. El Niño risks could pressure Kharif output and imports.