The other oil market that’s being disrupted by the conflict in Ukraine: the oils we eat (Marketplace)

Marketplace published an article that beyond oil and gas, Russia and Ukraine produce many other commodities. The Black Sea region accounts for more than half of the world’s sunflower oil output and more than three-quarters of sunflower oil exports. But ports in Ukraine have been closed since the Russian invasion began, limiting supply. That has the price of palm oil and other substitutes skyrocketing. Senior research fellow Joseph Glauber said, “Whatever happens in Ukraine, happens in the world.”