ewn.co.za
That’s according to Oil World executive director Thomas Mielke commenting on the growing global shortage in cooking oils and subsequent sky rocketing prices
CAPE TOWN – Governments around the world will soon need to choose between food oils and biofuels.
That’s according to Oil World Executive Director Thomas Mielke while commenting on the growing global shortage in cooking oils and subsequent sky rocketing prices.
This is partly being driven by climate change and labour shortfalls, but largely as a result of the war between Russian and Ukraine, the world’s top oil producers.
The market research group was estimating that sunflower seed and oil production from Ukraine could dropped by around 5 million tons this year alone.
