Hit to Ukrainian sunflower means US cooking oil price spike

The war in Ukraine hasn’t just driven up crude oil prices — it has also caused cooking oil prices to sizzle.

Russia’s invasion of Ukraine has sown chaos across the country, shuttering factories and slashing farm production in what has been dubbed the “breadbasket of Europe.” While Ukraine produces millions of tons of wheat, barley, and corn each year, it also accounts for nearly half of the global supply of sunflower oil.

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