Global events spur search for alternative oils

Read the full story at Food Business News.

Since Ukraine’s national flower is the sunflower and the country is the leading global exporter of sunflower seed oil, according to the US Department of Agriculture’s Foreign Agricultural Service, the Russia-Ukraine war has affected supply and price. Sunflower seed oil, Midwest was trading at $1.13 per lb on May 13, which was up from 83¢ a year ago, according to the USDA.

“The lack of availability of sunflower oil is especially worrying for savory snack brands who depend on this ingredient as changing to other ingredients will lead to higher price points, both from a business and a consumer perspective,” said Alice Popple, consumer analyst at GlobalData, London, a data and analytics company.

Companies may check out the availability of other high-oleic oils.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.