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Cooking oil prices have been rising worldwide since the COVID-19 pandemic began, and Russia's 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.

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.

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.