Italy: Skyrocketing seed oil prices has nothing to do with the war in Ukraine

Published 2022년 5월 5일

Tridge summary

Recent data from the EU shows a significant increase in the import of Ukrainian sunflower oil, from the usual 200,000 tons per month to 260,000 tons between February 27 and May 1. This surge has led to a decrease in prices and a halt in the switch to rapeseed oil. Despite this, prices for seed oils in Italy and elsewhere have risen, leading to questions about the situation. The article also touches on the history of elevated gas prices in Italy and the lack of scrutiny over the rising costs of seed oils, suggesting a need for more investigation into these price increases.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Official EU data released Tuesday showed that 260,000 tons of Ukrainian sunflower oil were imported into the bloc between February 27 and May 1. Shipments of sunflower oil to the EU are usually around 200,000 tons per month, FEDIOL said in early March. The recent rebound in sunflower oil availability has led to a drop in prices and the switch to rapeseed oil has stalled, FEDIOL said. The organization stressed that bottled sunflower oil is readily available in the EU and that the shortages on some supermarket shelves are not due to the lack of sunflower oil availability ". The analyst of international financial and agricultural markets, Sandro Puglisi, writes in his mid-week report. We pick up the news because in these days we are talking about and contesting - in solitude - the increase in the price of seed oils. We started from Palermo, where seed oils are widely used for the tradition of rotisseries and panelle. Here is a passage from our May 3 article: “The cost of a 25 liter ...

Source: Inuovivespri