War in Ukraine sparks global run on cooking oils

Russia’s invasion of Ukraine triggered a global shortage of sunflower oil which in turn pushed the prices of other edible oils to record highs, hitting food manufacturers and consumers already struggling with inflation.

Ukraine is a major producer of sunflower oil, accounting for more than 47% of global exports, according to research firm Mintec. But shipments of sunflower oil – and seeds used elsewhere by grinders – came to a halt during the war, disrupting supplies of a product widely used for cooking and as an ingredient in everyday products like margarine, mayonnaise and bread.


Wj

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