# Middle East conflict adding ‘unpredictability’ to Oatly’s business | Baking Business

> Oatly reported a first-quarter 2026 loss of $12.1 million on revenue of $228 million, up 16%. The company said Middle East conflict is raising fuel-linked shipping, logistics and packaging costs from March onward, and it expects weaker second-quarter earnings.

- Date: 2026-05-05 · published 2026-05-05T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/19323-middle-east-conflict-adding-unpredictability-to-oatly-s-business-baking-business
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Higher fuel and freight costs tied to the Middle East conflict are squeezing processors' margins. This is a company-level signal and has little direct effect on feed grain prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2026-03-12 | [Oats can improve soil and water quality. All that’s missing is a market for them. - FoodPrint](https://feedsoft.ai/events/20236-oats-can-improve-soil-and-water-quality-all-that-s-missing-is-a-market-for-them.md) | +2.3% | -6.5% |
| OATS | 2024-11-06 | [Ukraine: Agricultural Policy Monitoring and Evaluation 2024 \| OECD](https://feedsoft.ai/events/10550-ukraine-agricultural-policy-monitoring-and-evaluation-2024-oecd.md) | -11.8% | -9.0% |
| OATS | 2026-06-15 | [Focus: Russian attacks could cut Ukraine grain exports by a third \| Reuters](https://feedsoft.ai/events/14105-focus-russian-attacks-could-cut-ukraine-grain-exports-by-a-third-reuters.md) | +2.3% | +1.4% |
| OATS | 2026-09-25 | [What’s Behind the Latest Surge in Grain and Oilseed Prices?](https://feedsoft.ai/events/11998-what-s-behind-the-latest-surge-in-grain-and-oilseed-prices.md) | -2.8% | -10.9% |
| OATS | 2022-10-31 | [Wheat up 6% after Russia quits Black Sea pact; corn, soy firm \| Reuters](https://feedsoft.ai/events/39156-wheat-up-6-after-russia-quits-black-sea-pact-corn-soy-firm-reuters.md) | +6.6% | +5.7% |

## Sources

- bakingbusiness.com: https://www.bakingbusiness.com/articles/66144-middle-east-conflict-adding-unpredictability-to-oatlys-business

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.