Ukraine. Sunoil exports under Indian import duty

01.12.2017

Last week’s main news in the oilseed segment of the information space was a reported increase in import duties on vegoils adopted by their key global consumer – India – even though this was a previously expected step.

The market was surprised by such a significant increase, which affected all vegoils. So, November’s decision of the Indian government brought duty rates up to a decade high.

Predicting further developments is important for Ukraine, as India is its key importer absorbing up to one-third of total sunoil exports.

To know about consequences of duty introduction please read the full version of the article available to subscribers for weekly market report “Black Sea Vegoils +CIS and “Online market review” by UkrAgroConsult.

 

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