Global vegetable oil prices have been on an upward trajectory for the better part of two years. The onset of the Russia-Ukraine war on February 24 caused prices to spike higher in volatile trading as Black Sea sunflower oil exports were halted by the conflict.

In Gro’s latest Strategic Assessment, we address the impact of the Russia-Ukraine war on global vegetable oil markets. We show how vegetable oil supplies face renewed risks in several countries, which will continue to weigh on global markets, and how industry pressures may keep prices elevated for some time to come.


  • Why global vegetable oil production has struggled to keep up with rising consumption
  • How the Russia-Ukraine war and increasing demand for biofuels have exacerbated concerns about global vegetable oil supplies
  • How to monitor global production prospects to forecast potential impacts to the vegetable oil market

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