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As Ukraine halt supplies for sunflower oil, India buys the product from Russia at record price

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2 years ago

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From an average of Rs 98 rupees per litre across brands in mid-February 2019, the price of sunflower oil has surged to between Rs 180 and 250 per litre, depending on the brand in question. Edible oil prices have surged 70 percent year-on-year and about 20-30 percent month-on-month since the start of the Russia-Ukraine war.

So overcome the shortage and resultant price rise, a report said India has contracted 45,000 tonnes of Russian sunflower oil at a record high price. The report from Reuters said shipments will happen in April.

“As vessel loading is not possible in Ukraine, buyers are trying to secure supplies from Russia,” the report said quoting Pradeep Chowdhry, managing director of Gemini Edibles & Fats India. His firm has contracted 12,000 tonnes of Russian sunflower oil for April shipments.

Thre report also says refiners bought crude sunflower oil at a record price of $2,150 a tonne, including cost, insurance and freight, in India for April shipments, compared with $1,630 before Russia invaded Ukraine.

India imports 60 percent of its edible oil requirement, which is about 13 million tonne. Russia and Ukraine together account for 60 percent of sunflower oil production and exports and, hence, supply shortage has spurred the prices further.

Sunflower oil from Russia could help boost the shortfall. The availability of vegetable oils is stretched because of Indonesia’s decision to restrict palm oil supplies and lower soybean crop in South America.

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Apple is giving a huge discount on its gadgets: Details inside

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2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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