Daybreak

India is the world's top sunflower oil buyer, and Black Sea attacks have sent it hunting across South America. Shipments from Russia and Ukraine are running weeks late, and prices are climbing.

The substitutes are squeezed too. Indonesia is diverting more palm oil into biodiesel, and China's record soybean buying keeps the soy complex tight. A weak monsoon has thinned India's harvest. 

But the country has two oil problems, the crude it burns for fuel and the cooking oil it imports for the kitchen. It threw its capital at the fuel one first, reaching 20% ethanol blending years ahead of target. But feeding those distilleries takes land, and some of that land is coming from oilseeds. So the fix for one oil may gradually worsen the other.

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Creators and Guests

Host
Snigdha Sharma
Senior producer and co-host of The Ken's flagship daily news podcast. Previously hosted and produced podcasts at The Indian Express and Newslaundry

What is Daybreak?

Business news is complex and overwhelming. It doesn’t have to be. Every day of the week, from Monday to Friday, Daybreak tells one business story that’s significant, simple and powerful.

Hosted from The Ken’s newsroom by Snigdha Sharma and Rachel Varghese, Daybreak relies on years of original reporting and analysis by some of India’s most experienced and talented business journalists.