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Sunflower oil prices in the UK jumped about 60% after Russia's invasion of Ukraine, rising from £1,130 per tonne in February to over £1,800. Supply interruption has pushed buyers toward substitute cooking oils.
Disrupted Ukrainian and Russian sunflower exports tighten the vegetable oil complex, lifting substitute oils and sunflower meal demand and prices.
theguardian.comZoe WoodApr 5, 2022Not enough comparable past events yet for a historical read.
After 110 past bullish geopolitics events, Soybean Oil moved a median +1.8% over 5 sessions (65% higher; middle half -0.7% to +3.6%), and -0.4% over 20.
After 62 past bullish geopolitics events, Palm Oil moved a median +2.5% over 5 sessions (74% higher; middle half -0.1% to +5.8%), and +4.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
