Prices of cooking oil, soft commodities skyrocket amid Russia-Ukraine conflict - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The price of cooking oil has shot up by over 20% in 2022, in some instances by more than that, depending on where you do your shopping UkraineRussiaWar

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.”

 

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And yet we export oil....

'...depending where you do your shopping'

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You are lying unprovoked, it's not Russia

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