Stockhead.com (Australia) published an article stating that Google Analytics reckons sunflower seeds are a big hit throughout the world in different forms. But they can also be pressed into sunflower oil. According to IFPRI (see the blog post, The impact of the Ukraine crisis on the global vegetable oil market), the supply of sunflower oil, which makes up a not insignificant whack of the edible oils used in kitchens globally today, is drying up. It turns out sunflower oil is the world’s favorite go-to vegetable oil, accounting for about 13 percent of vegetable oils traded in global markets. Ukraine and Russia account for about 25 percent of the global sunflower trade. And since vegetable oils require little or no processing, the high prices have already been passed through to consumers.
Hands up who had ‘sunflower oil shortage’ on their 2022 bingo card? (Stockhead.com)
June 13, 2022