The Global Scramble for Cooking Oil

Global sunflower oil prices were up 44% at the end of March compared with a year earlier, while rapeseed oil had risen 72%. The price of soybean oil is up 41%, palm oil has gained 61% and olive oil is 15% higher. “The world is realizing it’s not easy to take a major commodity like sunflower oil and switch to an alternative.”  Read more here.