The shocking increase in the prices of vegetable oils in Latin America and the world

Published 2022년 5월 16일

Tridge summary

The global price of vegetable oils, especially sunflower oil, has surged by 46.5% over the past year due to the war in Ukraine, inflation, and the economic impact of COVID-19. The price increase has led to rationing and empty shelves in supermarkets across various countries, with some products seeing price increases of over 60%. The war in Ukraine, which accounts for 71% of sunflower oil exports, has exacerbated the shortage and price hike.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Fried eggs? Maybe not... And why don't we make some fish or chips? The answer to that question is becoming increasingly difficult as the prices of vegetable oils - and especially sunflower oil - have climbed so high that they have become a luxury in the kitchen. So high that some consumers complain and also laugh on social networks with messages like "I'm selling a shirt with oil stains." In Chile, for example, a bottle of pisco (the most common alcoholic beverage in the country) is cheaper than one of oil in some supermarkets. And in Mexico it is the product whose price has increased the most within the food basket measured by the National Institute of Statistics (INEGI). In the United Kingdom, Spain, Italy or Germany, rationing policies have been applied, with some supermarkets setting a purchase limit of between one and three liters per person per day. GETTY IMAGES / Along with rationing, it is increasingly common to find empty shelves. The problem is not only that the price ...
Source: Informador

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