# Soaring Prices Are Changing the Way People Eat | 2022-04-08 | SupplyChainBrain

> Bloomberg reports that food prices, including bread, meat and cooking oils, have jumped worldwide, with restaurants and bakers cutting palm oil use and portion sizes. Palm and soybean oil prices reached records after Russia's invasion of Ukraine, and governments are curbing exports and controlling prices. The article warns of hunger risk in import-dependent countries such as Yemen.

- Date: 2022-04-08 · published 2022-04-08T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4043-soaring-prices-are-changing-the-way-people-eat-2022-04-08-supplychainbrain
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Record palm and soybean oil prices raise input costs for feed and food processors, and export curbs by governments further tighten available supply. Demand destruction could cap prices later, but near-term pressure on vegetable oil and protein-linked feed costs remains upward.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-03-09 | [Crop Prices Jump as War Snarls Trade and Risks Tightening Supply - Bloomberg](https://feedsoft.ai/events/20242-crop-prices-jump-as-war-snarls-trade-and-risks-tightening-supply-bloomberg.md) | +3.6% | +8.6% |
| PALMOIL | 2026-03-08 | [Oil prices surge 20% as expanding US-Israeli war with Iran cuts supplies from Mideast - CNA](https://feedsoft.ai/events/6784-oil-prices-surge-20-as-expanding-us-israeli-war-with-iran-cuts-supplies-from.md) | +3.6% | +8.6% |
| PALMOIL | 2026-07-24 | [Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply - Markets - Business Recorder](https://feedsoft.ai/events/11578-physical-oil-prices-jump-with-some-nearing-110-as-iran-ukraine-wars-hit-supply.md) | -0.2% | +3.0% |
| PALMOIL | 2026-03-11 | [Crude oil surge likely to support palm prices \| The Star](https://feedsoft.ai/events/15488-crude-oil-surge-likely-to-support-palm-prices-the-star.md) | +2.4% | +4.1% |
| PALMOIL | 2022-04-01 | [Soybean oil prices have fallen, but palm and sunflower oil prices remain high 01.04.2022 - UkrAgroConsult](https://feedsoft.ai/events/4038-soybean-oil-prices-have-fallen-but-palm-and-sunflower-oil-prices-remain-high-01.md) | -8.9% | -1.8% |
| SBO | 2022-05-07 | [Soy boon for Argentina as Ukraine war boosts prices \| The Straits Times](https://feedsoft.ai/events/14033-soy-boon-for-argentina-as-ukraine-war-boosts-prices-the-straits-times.md) | +0.7% | -5.3% |
| SBO | 2026-03-09 | [Crop Prices Jump as War Snarls Trade and Risks Tightening Supply - Bloomberg](https://feedsoft.ai/events/20242-crop-prices-jump-as-war-snarls-trade-and-risks-tightening-supply-bloomberg.md) | -0.7% | -1.2% |
| SBO | 2026-03-08 | [Oil prices surge 20% as expanding US-Israeli war with Iran cuts supplies from Mideast - CNA](https://feedsoft.ai/events/6784-oil-prices-surge-20-as-expanding-us-israeli-war-with-iran-cuts-supplies-from.md) | -0.7% | -1.2% |

## Sources

- supplychainbrain.com: https://www.supplychainbrain.com/articles/34851-soaring-prices-are-changing-the-way-people-eat

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