Ukraine Shift on Sunflower-Seed Exports Calms Cooking Oil Market


Soaring cooking-oil prices contributed to wider food inflation around the world by boosting the cost of preparing many foods, both dishes served at restaurants and ready-made staples such as potato chips. In late March, sunflower-seed oil peaked at over $2,414 a ton. Recently, that has fallen by more than half, to about $1,049 a ton. “We’ve noticed shorter supply-chain timelines on sunflower oil, and the pricing has right sized compared with the beginning of the Ukraine war”. Read what’s happening here.

Author: The Wall Street Journal