India's soyoil imports headed for record as Black Sea sunflower shipments stall
India's August soyoil imports are set to hit a record 620,000 metric tons, ~46% above the marketing year's monthly average, as Russia-Ukraine attacks disrupt Black Sea sunflower shipments and soyoil's premium over palm narrows to ~$50. Refiners are locking in volumes through December ahead of festive demand, shifting southern buyers off sunflower.