CBC (Canada) published an article stating that grocery food prices are soaring. Vegetable oil had seen increases long before the Ukraine War. An analysis by IFPRI noted that supply tightened prior to the Russian invasion of Ukraine due to drought in South America, a typhoon in Malaysia, and labor shortages due to restrictions on mobility during the pandemic.
Why the price of vegetable oil has spiked more than other food items (CBC Canada)
October 20, 2022