Gas shortages curb India sugar and edible oil demand
Commercial gas shortages are forcing Indian restaurants to scale back, reducing sugar and oil demand. This shift impacts imports during the peak summer season.
Xurve View
Insights:
Xurve View
India is witnessing a significant decline in the consumption of Sugar and edible oils as a persistent shortage of commercial gas cylinders forces the hospitality sector to scale back operations. This reduction in domestic demand is expected to lower the country's import requirements for palm oil from Indonesia and Malaysia, as well as soyoil and sunflower oil sourced from Argentina, Brazil, Russia, and Ukraine.
