The oil war: What is the reason for the shocking increase in its price in Latin America and the world

Published 2022년 5월 19일

Tridge summary

The global price of vegetable oils, especially sunflower oil, has surged by 46.5% in the last 12 months, leading to concerns about food affordability and availability in many countries. The war in Ukraine and the economic impact of COVID-19 have exacerbated existing production issues, resulting in significant price increases and rationing in some regions. The situation is expected to persist for the next two years, compounding the challenges of inflation and affecting the food supply.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) 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. Along with rationing, it is increasingly common to find empty shelves. The problem is not only that the price has ...
Source: Agraria

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