War between Russia and Ukraine cuts the supply of edible oils and protein feed in Germany

According to estimates by the Association of the Oilseed Processing Industry in Germany (OVID), the war in the Ukraine will have a noticeable impact on the availability and prices of oilseeds and their products in Germany. The Ukraine with 51% and Russia with 27% are the world's most important export countries for sunflower oil. Germany covers 94% of its sunflower oil needs with imports. According to OVID President Jaana Kleinschmit von Lengefeld, the Russian attacks, the general mobilization in Ukraine and the sanctions that have been passed have resulted in direct restrictions on the production and logistics of oilseeds throughout the country and the Black Sea region. Numerous locations of OVID member companies with a total of several thousand employees are directly affected. OVID therefore expects restrictions on the flow of goods from sunflower, flax and soya from the conflict region in the coming weeks and months. If there are short-term bottlenecks in individual raw ...