March 14, 2022
1 min read

Europe running out of Sunflower oil as war intensifies

According to the association, the conflict in Ukraine has already prevented approximately 200,000 tonnes of sunflower seed oil per month from being shipped to European ports….reports Asian Lite News

Europe now faces a deficit in sunflower oil because exports from Ukraine have stopped, with the available stocks projected to last between 4 and 6 weeks, the EU vegetable oil industry association has warned.

“Beyond that period, it is likely that [the] lack of availability of crude sunflower seed oil and limited alternatives will lead to a shortfall of refined/bottled sunflower seed oil on the European market, and that this will be felt up to the consumer level,” reads the latest FEDIOL press release, RT reported.

According to the association, the conflict in Ukraine has already prevented approximately 200,000 tonnes of sunflower seed oil per month from being shipped to European ports.

The EU sources between 35 per cent and 45 per cent of the oil it consumes from Ukraine, FEDIOL explains, adding that such volumes are difficult if not impossible to replace on short notice.

Producers are already redirecting the oil destined for biodiesel back to the food market, FEDIOL says, predicting that rapeseed oil, soybean oil, and tropical oils could also be used as a replacement.

Since the beginning of Russia’s military operation in Ukraine on February 24, the country’s Black Sea ports have been closed, leaving dozens of cargo ships stranded and disrupting shipping.

ALSO READ: Biden, Macron vow to hold Russia accountable for Ukraine war

Previous Story

Biden, Macron vow to hold Russia accountable for Ukraine war

Next Story

UAE condemns missile attack on Erbil

Latest from -Top News

No Deal: EU Holds Line on China Sanctions

EU stated the sanctions were a response to involvement in “serious human rights violations in China…reports Asian Lite News The European Union has decided not to lift sanctions imposed on Chinese officials

India Slams BBC Over Pahalgam Coverage

Several social media users pointed out that the BBC’s headline appeared misleading, giving the impression as if “India killed the tourists.”…reports Asian Lite News India has written to a leading British public

Financial Turmoil Grips Bangladesh

The crisis emerged with the political transition after the ouster of former Prime Minister Sheikh Hasina following a violent uprising last year….reports Asian Lite News Bangladesh is grappling with an economic crisis

Hamas Meets Turkish FM Over Gaza Crisis

The delegation briefed Hakan on the latest developments regarding the ceasefire in the Gaza Strip and the delegation’s recent visit to Cairo….reports Asian Lite News A Hamas delegation met with Turkish Foreign
Go toTop

Don't Miss

UK leads Western Europe’s largest cyber warfare exercise

Many teams were based in their home countries but were

How Western countries joined hands to punish Putin?

Besides making it harder for Putin to fund a prolonged