New Delhi, April 2 -- Demand for refined sunflower oil in India is expected to decline by around 10 per cent in the current fiscal due to supply chain disruptions and rising prices, according to a report by Crisil Ratings.

The report said the decline in volumes will be driven by twin headwinds, disruptions in supply chains due to the ongoing West Asia conflict and higher prices resulting from increased logistics costs. These factors are likely to push consumers towards cheaper alternatives such as rice bran and soybean oils.

It stated, "Indian refined sunflower oil volume is poised to decline ~10% in the current fiscal, due to twin headwinds that will dampen demand."

Despite the expected drop in volumes, revenues of sunflower oil refin...