Balanced Reporting. Trusted Insights. Tuesday, July 05, 2022

Items Tagged with 'vegetable oil'

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A vegetable oil crisis in the making around the world

When the Russian military invasion cut off Ukraine’s ability to export sunflower oil and wheat, it helped push “a cascading food crisis around the world,” according to a spokeswoman for the U.S. Agency for U.S. Agency for International Development. Now Indonesia, which last week banned the export of palm oil, is exacerbating the conditions that are driving global shortages and price spikes of vegetable oil.
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Soybeans

Global food prices hit record

Global food prices hit an all-time high in February, led by sharp increases in vegetable oil and dairy prices as well higher costs for grains, according to the UN Food and Agriculture Organization.
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