# Sunflower shortage: why cooking oil has become so expensive | UK cost of living crisis | The Guardian

> 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.

- Date: 2022-04-05 · published 2022-04-05T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4039-sunflower-shortage-why-cooking-oil-has-become-so-expensive-uk-cost-of-living
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Disrupted Ukrainian and Russian sunflower exports tighten the vegetable oil complex, lifting substitute oils and sunflower meal demand and prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-03-01 | [Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply](https://feedsoft.ai/events/42377-palm-oil-becomes-costliest-vegoil-as-ukraine-war-halts-sunoil-supply.md) | +2.9% | -3.2% |
| SBO | 2022-07-07 | [Ukraine exported a record amount of sunflower, but will cut production in half in the new season 07.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40603-ukraine-exported-a-record-amount-of-sunflower-but-will-cut-production-in-half.md) | -1.5% | +0.6% |
| SBO | 2026-03-06 | [U.S. Grain/Oilseed Review: Fears of oil shortage drives up prices \| The Western Producer](https://feedsoft.ai/events/13805-u-s-grain-oilseed-review-fears-of-oil-shortage-drives-up-prices-the-western.md) | -0.1% | -2.6% |
| SBO | 2022-03-22 | [Ukraine Sunflower Planting to Sink With Crop Hit Hardest by War 22.03.2022 - UkrAgroConsult](https://feedsoft.ai/events/42395-ukraine-sunflower-planting-to-sink-with-crop-hit-hardest-by-war-22-03-2022.md) | +0.1% | +271.7% |
| SBO | 2018-06-28 | [Oil trades near three-year high as Libya crisis tightens supply](https://feedsoft.ai/events/64674-oil-trades-near-three-year-high-as-libya-crisis-tightens-supply.md) | -1.9% | -3.0% |
| PALMOIL | 2022-03-01 | [Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply](https://feedsoft.ai/events/42377-palm-oil-becomes-costliest-vegoil-as-ukraine-war-halts-sunoil-supply.md) | +13.1% | +9.4% |
| PALMOIL | 2022-03-22 | [Ukraine Sunflower Planting to Sink With Crop Hit Hardest by War 22.03.2022 - UkrAgroConsult](https://feedsoft.ai/events/42395-ukraine-sunflower-planting-to-sink-with-crop-hit-hardest-by-war-22-03-2022.md) | +1.2% | -0.7% |
| PALMOIL | 2022-05-03 | [The impact of the Ukraine crisis on the global vegetable oil market \| IFPRI](https://feedsoft.ai/events/41484-the-impact-of-the-ukraine-crisis-on-the-global-vegetable-oil-market-ifpri.md) | -9.5% | -9.0% |

## Sources

- theguardian.com: https://www.theguardian.com/business/2022/apr/05/food-price-rises-ukraine-war-cooking-oil

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