Russia’s invasion of Ukraine has sparked a global shortage of sunflower oil that has in turn pushed prices of other edible oils to record highs, hitting food makers and consumers already grappling with inflation.
Ukraine is a major producer of sunflower oil, making up over 47% of the world’s exports, according to research firm Mintec. But shipments of sunflower oil—and seeds used by crushers elsewhere—have ground to a halt amid the war, disrupting supplies of a commodity widely used for cooking and as an ingredient in everyday products like margarine, mayonnaise and bread.
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