# Ukraine War Sparks Global Scramble for Cooking Oils  - WSJ

> The WSJ reports that Russia's invasion of Ukraine has caused a global shortage of sunflower oil. That shortage has pushed prices of other edible oils to record highs, hitting food makers and consumers already facing inflation.

- Date: 2022-04-06 · published 2022-04-06T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/4044-ukraine-war-sparks-global-scramble-for-cooking-oils-wsj
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Sunflower oil is a major edible oil, and substitution into palm and soybean oil is driving those benchmarks higher. Higher vegetable oil prices raise costs for feed fats and processors, and the squeeze is likely to persist while Ukrainian supply stays constrained.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2022-04-07 | 5 | +209.7% | 30.2 | Global sunflower oil shortage from the Ukraine war pushed other edible oils, including soyoil, to record highs via substitution demand. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-04-25 | [Ukraine, war, and global oils & fats markets – MPOC](https://feedsoft.ai/events/41952-ukraine-war-and-global-oils-and-fats-markets-mpoc.md) | +1.2% | -1.7% |
| 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% |
| PALMOIL | 2022-04-14 | [Russian-Ukrainian Unrest Impacts Global Oilseed Market \| Crush](https://feedsoft.ai/events/41946-russian-ukrainian-unrest-impacts-global-oilseed-market-crush.md) | +2.7% | +1.3% |
| PALMOIL | 2022-03-11 | [Overcoming the threats to global food systems from Russia's invasion of Ukraine \| IFPRI](https://feedsoft.ai/events/11340-overcoming-the-threats-to-global-food-systems-from-russia-s-invasion-of-ukraine.md) | -5.3% | -14.0% |
| 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% |
| SBO | 2022-04-25 | [Ukraine, war, and global oils & fats markets – MPOC](https://feedsoft.ai/events/41952-ukraine-war-and-global-oils-and-fats-markets-mpoc.md) | +1.6% | -4.6% |
| SBO | 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) | +3.0% | -3.8% |
| SBO | 2022-06-28 | [The Battle for the Black Sea \| Russia-Ukraine war \| Al Jazeera](https://feedsoft.ai/events/14478-the-battle-for-the-black-sea-russia-ukraine-war-al-jazeera.md) | -6.8% | -13.9% |

## Sources

- wsj.com: https://www.wsj.com/finance/commodities-futures/ukraine-war-sparks-global-scramble-for-cooking-oils-11649239342

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