Trademagazin > News and articles > Market News > The price of cooking oil could increase by 20-25% in the summer
The price of cooking oil could increase by 20-25% in the summer
The Ukrainian-Russian war is exacerbating global food price inflation. Ukraine is hungary’s number one exporter of cooking oil, but with the war, the export of this sector has also become completely impossible. The price of cooking oil may increase by 20-25 percent by the summer, but crystal sugar, flour and abrak feed are also more expensive, according to agricultural economists.
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