Topic
disruptions
Commodities India Seeks Sunflower Oil Alternatives as Black Sea Disruptions Delay Shipments and Raise Prices
India, the world's largest edible oil importer, is scrambling for sunflower oil alternatives as attacks in the Black Sea delay shipments from top producers Russia and Ukraine by up to 60 days and push prices higher. Importers are turning to South American suppliers and rival oils like palm and soy, with palm imports expected to jump 40% in July. Local sunflower oil prices rose 6% this month, widening the premium over alternatives.
Commodities Russia, Latin America Fill Gap as India's Middle East Oil Imports Fall on Hormuz Disruptions
India's crude oil imports from the Middle East dropped 27% year-on-year in the April-June quarter to 1.55 million barrels per day, constrained by disruptions through the Strait of Hormuz following the US-Israeli attack on Iran. Imports from the CIS, including Russia, surged 8.3% to 2.26 million barrels per day, with Russian crude hitting an all-time high of 2.64 million barrels per day in June. Imports from Latin American suppliers such as Brazil, Venezuela, and Angola also increased, as Indian refiners adapted to supply route disruptions.
Commodities India's Crude Imports Bounce Back to Pre-Conflict Levels as Refiners Diversify Sources
India's crude oil imports have rebounded to near pre-conflict levels despite Middle East disruptions, as refiners diversified away from Gulf suppliers. HSBC reports that Russian crude, trading at a discount, has become a key alternative. A temporary 'mini-glut' from reopened Hormuz shipping is expected to ease as inventories are rebuilt.
Commodities India's Russian Oil Imports Hit Record High in June Amid Hormuz Disruptions
India imported a record 2.70 million barrels per day of Russian crude in June, more than half of its total oil imports, as refiners sought discounted barrels to offset supply risks from the Strait of Hormuz crisis. Overall imports held steady at around 4.9 million bpd, with Russia displacing Middle Eastern supplies.
Logistics Container Spot Rates Surge Amid Early Peak Season
Container spot rates are surging as an early peak season combines with disruptions in the Red Sea and increased demand. The Shanghai Containerized Freight Index and Drewry World Container Index show significant increases, affecting major trade lanes.
Trade India's Oilmeal Exports Drop 13% Amid Shipping Woes
India's oilmeal exports decreased by 13.22% in 2025-26, impacted by Red Sea shipping disruptions and global competition. Freight costs rose as shipping routes detoured around the Cape of Good Hope.