H
Harpy Eagle
Guest
Edible Oil Prices Surge, While Producers Contend with Production Input Variables - Farm Policy News
Saabira Chaudhuri reported in today's Wall Street Journal that, "Russia’s invasion of Ukraine has sparked a global shortage of sunflower oil that has in turn pushed prices of other edible oils to record highs, hitting food makers and consumers already grappling with inflation."
farmpolicynews.illinois.edu
“Ukraine is a major producer of sunflower oil, making up over 47% of the world’s exports, according to research firm Mintec. But shipments of sunflower oil—and seeds used by crushers elsewhere—have ground to a halt amid the war, disrupting supplies of a commodity widely used for cooking and as an ingredient in everyday products like margarine, mayonnaise and bread.
The damage done by the invasion of Ukraine will be felt for years to come.
