New Delhi [India], Indian refined sunflower oil volumes are estimated to decline by 8-10 per cent in FY2015 amid slump in sunflower oil demand, according to a report by Crisil Ratings, as domestic consumers buy soybean after prices rise. Have turned to oil. The decline comes after a good soy crop. The report further added that despite this change, sunflower oil refiners are expected to experience a 50-60 basis points increase in profitability due to stable prices, effective hedging policies and the government's commitment to continue duty-free. Imports "With the bumper crop, soybean oil prices are likely to decline by US$10 per tonne annually and be at par with sunflower oil in FY2025. The shift in consumption towards soybean oil may result in lower volumes of sunflower oil. "The quantity will increase from 32 lakh tonnes in FY2024 to 28-29 lakh tonnes in FY2025, although the quantity will remain above the five-year historical average till FY2024," Jayashree Nandakumar, Director, CRISIL Ratings, said in the report. Despite the expected decline in volumes, refined sunflower oil prices are expected to remain stable due to higher shipping and freight costs amid ongoing geopolitical uncertainties in the Middle East.No expected price fluctuations. Additionally, refiners have strong hedging policies in place to avoid the risk of falling prices,” said Rishi Hari, Associate Director, CRISIL Ratings. The Indian edible oil landscape is mainly dominated by palm oil, which accounts for almost 10% of the total volume. 40 percent, followed by soybean oil with a share of 20 percent and 15 percent respectively. The demand for sunflower oil is intricately linked to the pricing dynamics of its substitutes, especially palm oil. India has significant sunflower oil refining capacity and imports more than 9 percent of its sunflower crude oil requirement.While refined sunflower oil is mainly consumed domestically, its price fluctuations largely depend on imported crude.