The price of sunflower oil has been increasing since the beginning of the war between Russia and Ukraine. The two countries are responsible for between 60% to 78% of the world’s sunflower oil supply.
The global price of Sunflower Oil was 1,445.2 (Oct 2021) and now 2,250.0 (Apr 2022) (in U.S. Dollars per Metric Ton) which is 64% increase. Consumers in South Africa have seen a 55% increase in cooking oil of which sunflower oil is the key ingredient. Cooking oil now cost between R99.99 to R119.99 for 2-litre’s.
Many of the fast food vendors and caravan owners who buy oil in bulk (20 litres at a time) said they now pay about R700 whereas they used to pay less than R500. In one newspaper article, as street vendor claims to use 60 liters of cooking oil per day (read more).
The has been price increases of Magwenya, Kota, Russian Sausages and so on. The economic costs of the price of cooking oil are downplayed
(Sunflower Oil prices in U.S. Dollars per Metric Ton)
Economics and Finance SA 
All this time I thought Ukraine only produces 30% and the rest is local, but then again all the sunflower plants I used to see when driving from Gauteng to Bloemfontein 30 years ago are not there anymore. Chicken has also gone up and I was wondering what happened to the chicken farmers in SA. Are we perhaps lazy or does it have to do with climate change 🤔
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