Published 2 years ago

Russia’s war heats up cooking oil prices in global squeeze

Summary by Ground News

Global cooking oil prices have been rising since the COVID-19 pandemic began. Russia's war in Ukraine has sent costs spiralling. Palm oil prices were up 200% and are set to go even higher. Indonesia, one of the world's top producers, bans cooking oil exports starting Thursday.

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CTV News

Russia's war against Ukraine heats up global cooking oil prices

Global cooking oil prices have been rising since the COVID-19 pandemic began for multiple reasons, from poor harvests in South America to virus-related labor shortages and steadily increasing demand from the biofuel industry. The war in Ukraine — which supplies nearly half of the world's sunflower oil, on top of the 25 per cent from Russia — has interrupted shipments and sent cooking oil prices spiraling.

2 years ago·Canada

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Associated Press News

Russia's war heats up cooking oil prices in global squeeze

Cooking oil prices have been rising worldwide since the COVID-19 pandemic began, and Russia's war in Ukraine has sent those costs spiraling. It's the latest fallout to the global food

2 years ago·United States

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abc News

Russia's war heats up cooking oil prices in global squeeze

Cooking oil prices have been rising worldwide since the COVID-19 pandemic began, and Russia's war in Ukraine has sent those costs spiraling

2 years ago·United States

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KRDO

Russia's war heats up cooking oil prices in global squeeze

By DEE-ANN DURBIN, AYSE WIETING and KELVIN CHAN Associated PressISTANBUL (AP) — Cooking oil prices have been rising worldwide since the COVID-19 pandemic began, and Russia’s war in Ukraine has sent those costs spiraling. It’s the latest fallout to the global food supply from the war, with Ukraine and Russia the world’s top exporters of sunflower oil. And it’s another rising cost pinching households and businesses as inflation soars. People in so…

2 years ago·Colorado Springs, United States

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HuffPost

Russia's War Heats Up Cooking Oil Prices

Cooking oil prices have been rising worldwide since the COVID-19 pandemic began, and Russia's war in Ukraine has sent those costs spiraling.

2 years ago·United States

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npr

Russia's invasion of Ukraine heats up cooking oil prices in global squeeze

The Russian invasion of Ukraine has further fueled already high food and energy costs, hitting the poorest people hardest.(Image credit: Khalil Senosi/AP)

2 years ago·Washington, United States

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