Russia-Ukraine war likely to raise import price of sunflower oil, yellow peas

The Russia-Ukraine war is causing a sharp reduction in exports of sunflower oil and yellow peas from the Black Sea region. This is likely to raise the import price of these commodities in India. The increased costs are due to the disruptions in shipping and attacks in the region, making it harder for India to import these essential goods. As a result, Indian consumers and businesses may face higher prices for sunflower oil and yellow peas.

Why it matters

The Russia-Ukraine war is disrupting shipping and raising import costs for India. This could lead to higher prices for sunflower oil and yellow peas, affecting Indian consumers and businesses.

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