RODNAE Productions | PEXELS

May 02, 2022

Ukraine War Creates Global Sunflower Oil Shortage

Supermarket chains in several nations have limited cooking oil purchases as a precaution

The war in Ukraine, the world’s largest exporter ofsunflower oil, has resulted in a global shortage of the ingredient.

Before the war, Ukraine and Russia together provided about 75% of the world’s supply of sunflower seed oil.

According to areportat theNew York Times, the disruption is already having far reaching effects, fueling a severe food crisis in East Africa and leading to export restrictions for Indonesia, while other countries’ citizens find their grocery purchases formally limited.

Supermarket chainsin Spain,Greece,Turkey,Belgiumand other nations have limited cooking oil purchases, sometimes describing the moves as precautions in the face of increased demand, according to local news outlets.

Feed & Grain Staff

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Magazine

Marketwatch: May, 02

US Corn Price Idx:ZCPAUS.CM

open: 7.9606
high: 8.0515
low: 7.949
close: 7.9561

US Soybean Price Idx:ZSPAUS.CM

open: 16.5691
high: 16.6557
low: 16.4343
close: 16.4643

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 10.9235
high: 10.9235
low: 10.4371
close: 10.4892

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 10.1329
high: 10.1604
low: 9.8981
close: 9.9271