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MOSCOW, July 15 Russia supplied a record volume of sunflower oil to India in May, according to an analysis of data from the Indian Ministry of Trade and Industry.
So, at the end of spring, the republic purchased 216 thousand tons of domestic products worth 209 million dollars. This is 2.8 times more than last year’s volume in physical terms and 2.6 times in monetary terms and was the maximum volume for the entire period of publication of statistics.
As a result, in May Russia became the main supplier of this product to India with a share of a record 57% against last year’s 20%. At the same time, in May 2023, the leader was Argentina, which, due to a drop in supplies by 4.8 times, to $26 million, now found itself third. Second place, as a year earlier, was taken by Ukraine with $90 million, reducing exports by 16%.
In the five months of 2024, India imported $693 million worth of sunflower oil from Russia, which is 1.6 times more than last year’s level. Russia's share in imports increased to 46% from 25% a year earlier.