Sunflower oil 'disappears' as war in Ukraine continues

“Disrupting this ubiquitous ingredient will put additional strain on the US food system,” he said. And the price increases “will exacerb...


“Disrupting this ubiquitous ingredient will put additional strain on the US food system,” he said.

And the price increases “will exacerbate the difficult cost environment that American businesses have faced for the past year,” Katie Denis, spokeswoman for the Consumer Brands Association, said in a report released this month.

Other countries are feeling the pinch: Ukraine’s main export markets last year included India, China, the Middle East and North Africa, and the European Union, according to the ministry American Agriculture. Rema 1000, a Norwegian supermarket chain, plans to resume the sale of palm oilwhich it had previously banned for environmental reasons, and its Danish subsidiary limited buyers to three bottles of oil.

But that approach could be compounded by an Indonesian ban on its palm oil exports, global weather-related shortages and a market crunch due to war, said Oil World, an industry analyst group. in a report on Wednesday.

In Norway, Christopher Harlem, the managing director of the importer Harlem foodsaid some European companies were meeting demand – for now – by dipping into their stocks of sunflower oil.

“At some point, more oil will not be added to storages,” he said. “I can’t get sunflower oil right now, not at any volume that matters.”

He added: “I think we have to deal with a shortage coming, no doubt, and start thinking about adaptation and replacements.”

Henrik Pryser Libell contributed report.

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Newsrust - US Top News: Sunflower oil 'disappears' as war in Ukraine continues
Sunflower oil 'disappears' as war in Ukraine continues
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