Supply disruptions raise the risk of a further spike in cooking oil prices in India, which imports 60% of its needs
Shipments of more than 350,000 tonnes of sunflower oil to India, the world’s biggest buyer, are at risk as Russia’s attack on Ukraine disrupts logistics and loadings at some ports.
. Consumer food prices rose in January at the fastest pace in 14 months, crimping household budgets in the second-most populous nation. The government has cut taxes and imposed stockpile limits, but prices remain elevated, tracking a surge in global edible oil futures. Global prices of vegetable oils, used for everything from preparing cookies to frying potato chips to making shampoo, have more than doubled in two years on supply constraints, with palm and soybean oils surging to all-time highs this week on supply jitters.
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