# The impact of the Ukraine crisis on the global vegetable oil market | IFPRI

> An IFPRI analysis finds the Ukraine war has pushed vegetable oil prices significantly higher, as Black Sea sunflower oil exports are disrupted. Trade policy responses worldwide, including biofuel policies and export restrictions, are further tightening supplies.

- Date: 2022-05-03 · published 2022-05-03T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41484-the-impact-of-the-ukraine-crisis-on-the-global-vegetable-oil-market-ifpri
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Export restrictions and biofuel demand layered on lost Black Sea supply keep global vegetable oil prices elevated, supporting soybean oil and palm oil and sunflower meal alternatives.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 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% | +3.3% |
| SBO | 2022-02-28 | [Impact Of Russia-Ukraine War On Amino Acid Market-reachever.com](https://feedsoft.ai/events/43034-impact-of-russia-ukraine-war-on-amino-acid-market-reachever-com.md) | +4.7% | +0.5% |
| 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 | 2022-02-23 | [Palm oil futures hit all-time high on bullish global energy, vegetable oil markets](https://feedsoft.ai/events/8760-palm-oil-futures-hit-all-time-high-on-bullish-global-energy-vegetable-oil.md) | +3.8% | -0.7% |
| 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% |
| 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 | 2022-04-25 | [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 | 2022-02-23 | [Palm oil futures hit all-time high on bullish global energy, vegetable oil markets](https://feedsoft.ai/events/8760-palm-oil-futures-hit-all-time-high-on-bullish-global-energy-vegetable-oil.md) | +15.0% | +10.6% |

## Sources

- ifpri.org: https://www.ifpri.org/blog/impact-ukraine-crisis-global-vegetable-oil-market/

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