A person holds bottles of cooking oil. [File image], in some instances by more than that, depending on where you do your shopping, as with many soft commodities, upward inflationary pressures have been impacted by the Russia/Ukraine conflict.
The last consumer price inflation print released by StatsSA for February 2022 showed that the average prices of the oils and fats category rose by 22.7%, on a year-on-year basis. Louw says, “Fuel prices have increased significantly and remember everything we produce ourselves, but also for imports has a very large transport component and transport is affected by the fuel price and one must remember that that has also had a massive effect on what happens to our food prices in the end.”
And yet we export oil....
'...depending where you do your shopping'
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