# Global events spur search for alternative oils | Food Business News

> Food industry buyers are turning to high-oleic soybean, canola and sunflower oils, all of which have risen in price. Sunflower seed oil, Midwest, traded at $1.13 per pound on May 13, up from 83 cents a year earlier, as the Russia-Ukraine war disrupted Ukrainian supply.

- Date: 2022-06-01 · published 2022-06-01T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/41034-global-events-spur-search-for-alternative-oils-food-business-news
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Loss of Black Sea sunflower oil supply is tightening vegetable oil markets and pushing buyers toward soybean and canola oils, supporting their prices and keeping sunflower meal costs elevated.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-03-11 | [Analysis: Black Sea conflict may alter global trade patterns for grains, veg oil](https://feedsoft.ai/events/14501-analysis-black-sea-conflict-may-alter-global-trade-patterns-for-grains-veg-oil.md) | -6.3% | +239.1% |
| SBO | 2022-04-06 | [Ukraine War Sparks Global Scramble for Cooking Oils  - WSJ](https://feedsoft.ai/events/4044-ukraine-war-sparks-global-scramble-for-cooking-oils-wsj.md) | -1.6% | +1.6% |
| SBO | 2026-10-01 | [Global vegetable oil prices seen rising on tighter supply, says analyst Mielke - Markets - Business Recorder](https://feedsoft.ai/events/17180-global-vegetable-oil-prices-seen-rising-on-tighter-supply-says-analyst-mielke.md) | +2.3% | +4.7% |
| 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 | 2023-07-24 | [Palm oil up over news on Ukraine port attack - Markets - Business Recorder](https://feedsoft.ai/events/11937-palm-oil-up-over-news-on-ukraine-port-attack-markets-business-recorder.md) | +3.6% | -1.3% |

## Sources

- foodbusinessnews.net: https://www.foodbusinessnews.net/articles/21468-global-events-spur-search-for-alternative-oils

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