Page 31 - Gro Intelligence News Today

"Prices are up a great deal, over the past year or so, on the order of 40% in some cases in some vegetable oils. And in the case of sunflower oil you cant even get it, even if you want it because of the Ukraine war. Its important to note that ..... the war has made things much worse."

For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of the sunflower oil its cooks use to fry fish, squid and mussels. But in early April, with oil prices nearly four times higher than they were in 2019, the restaurant finally raised its prices. Now, even some longtime customers look at the…

The Russian invasion of Ukraine has further fueled already high food and energy costs, hitting the poorest people hardest.

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

The Russian invasion of Ukraine has further fueled already high food and energy costs, hitting the poorest people hardest.

Soaring cooking oil prices could have an impact on the market for the dinosaur eel

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 worlds sunflower oil, on top of the 25 per cent from Russia — has interrupted shipments and sent cooking oil prices spiraling.

The Russian invasion of Ukraine has further fueled already high food and energy costs, hitting the poorest people hardest.

The Russian invasion of Ukraine has further fueled already high food and energy costs, hitting the poorest people hardest.

The Russian invasion of Ukraine has further fueled already high food and energy costs, hitting the poorest people hardest.