The sunflower gets its name from the fact that it turns its head towards the sun during the day.
The sunflower absorbs and absorbs the sun’s energy through this mechanism, which aids in the sunflower’s effective growth. Each flower head contains roughly 1,000 seeds, which are encircled by the petals of the flower. Sunflowers can also reach a height of 10 feet and have roots that can reach nearly 6 feet into the ground. Investing in the sunflower oil company might be a terrific alternative for young entrepreneurs due to the sunflower’s high quality. Sunflower oil has recently gained popularity among the general public.
The numerous features and health benefits of sunflower oil are the primary reasons for the industry’s tremendous popularity. Furthermore, sunflower oil is exceptionally nutrient-dense.
Sunflower oil, when used as part of a healthy diet, can be immensely beneficial to one’s health.
Vitamin E is prevalent in sunflower oil. It’s also important for the body’s immune system to be stronger. To get latest business updates read below.
Prices of key edible oils have risen since Russia invaded its neighbor, owing to concerns about a shortage of sunflower oil from Ukraine and a bureaucratic process in Indonesia delaying the sale of palm oil. Sunflower and palm oil prices in Chennai climbed by Rs 32 and Rs 22 per liter, respectively, between February 24 and March 5. According to the consumer affairs ministry’s price monitoring cell, soyabean oil prices in Kolkata and Delhi have increased by Rs 14 and Rs 12 per liter, respectively, over the last ten days. Mustard oil prices, on the other hand, have either moderated or remained steady in large cities.
According to industry sources, while the war mood has pushed up prices, there will be no lack of edible oils to meet demand. According to them, mustard crop yield is estimated to be 110 million tonnes, with 70-80 million tonnes of uncrushed soybean accessible in India. “We have promised the government that there will be no disruptions in the supply chain. Sunflower oil accounts for only 10% of our total domestic use. However, we have little control over edible oil prices because we are heavily reliant on imports, and international prices determine domestic prices “The executive director of the Solvent Extractors Association of India, B V Mehta, stated.
According to sources, the new requirement set by the Indonesian government has had a greater influence on edible oil prices in the Indian market than the war in Ukraine. Palm oil exporters are now required to sell at least 20% of their anticipated exports on the domestic market. “The export process has been delayed as a result of this, and the spike in palm oil prices has had a major spillover effect across all edible oils,” an industry source said. India imports 1.5-2 lakh tonnes of sunflower per month on average, with fewer between November to April.
By the end of March, over 1.5 lakh tonnes will have arrived in India.