News

Edible oil crisis around the world; limited to purchase of maximum 3 bottles on the United Kingdom flights

Published May 3, 2022

Tridge summary

Due to the prolonged war in Ukraine, the world's largest exporter of sunflower oil, there is an emergency in supply of cooking oil around the world. Supermarket chains in Europe are limiting the number of edible oil purchases, and companies are busy looking for alternatives. According to the New York Times (NYT) on the 30th of last month (local time), supermarket chains in the UK, Spain, Greece, Turkey and Belgium are restricting the number of purchases of cooking oil. As the war between Ukraine and Russia, which accounts for 75% of the world's sunflower oil supply, continued, the price of cooking oil went up one after another and the supply was disrupted. At Tesco, a British hypermarket that imports 83% of sunflower oil from Ukraine, a notice was posted saying that up to three bottles of cooking oil can be purchased. Supermarket chain Morrisons also limited purchases of up to two bottles per person. Harry Niage, who runs a restaurant in London, said that the price of 20 liters of sunflower oil jumped from about 22 pounds (about 34,980 won) to 42.5 (about 67,578 won), and he was concerned, "I don't know how to deal with it."

Original content

Due to the prolonged war in Ukraine, the world's largest exporter of sunflower oil, there is an emergency in supply of cooking oil around the world. Supermarket chains in Europe are limiting the number of edible oil purchases, and companies are busy looking for alternatives. According to the New York Times (NYT) on the 30th of last month (local time), supermarket chains in the UK, Spain, Greece, Turkey and Belgium are restricting the number of purchases of cooking oil. As the war between Ukraine and Russia, which accounts for 75% of the world's sunflower oil supply, continued, the price of cooking oil went up one after another and the supply was disrupted. At Tesco, a British hypermarket that imports 83% of sunflower oil from Ukraine, a notice was posted saying that up to three bottles of cooking oil can be purchased. Supermarket chain Morrisons also limited purchases of up to two bottles per person. Harry Niage, who runs a restaurant in London, said that the ...
Source: Donga
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.