Advertisement

Tesco will reduce cooking oil purchases due to Russia-Ukraine conflict

  • Web Desk
  • Share

Tesco

Tesco will reduce cooking oil purchases due to Russia-Ukraine conflict

Advertisement

CONSUMERS IN THE UNITED KINGDOM will need to maximize their use of sunflower oil, as Tesco is rumored to be rationing cooking oil purchases due to the Ukraine-Russia war.

Teso’s move is the latest in a series of retailers’ efforts to restrict customer access as the conflict chokes off the flow of sunflower oil into the United Kingdom. Morrisons and Waitrose have already implemented a two-per-person buying limit.

Waitrose said it was “closely monitoring the situation and working with our suppliers to ensure customers continue to have a choice of cooking oils”.

Sainsbury’s and Asda have taken no action to date.

Ukraine and Russia produce over 60% of the world’s sunflower oil.

Advertisement

Sunflower oil is one of the ‘big four’ vegetable oils available in the UK, ranking behind a palm, soya bean, and rapeseed.

Due to the lack of sunflower oil, prices for palm, rapeseed, and soya bean oils have increased as well.

Sunflower oil, extracted from sunflower seeds, is frequently used as a frying oil and as an emollient in cosmetic compositions.

Edible Oils, which packages oil for 75% of the UK retail market, warned earlier this month that it had only a few weeks’ supplies remaining.

Other factors, such as the coronavirus pandemic and climate change, are believed to have had an effect on sunflower oil stocks and prices.

For the latest International News Follow BOL News on Google News. Read more on Latest International News on oldsite.bolnews.com

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
Mexico’s President Claudia Sheinbaum groped and harassed during public interaction
Ghazala Hashmi elected Lieutenant Governor of Virginia
Zohran Mamdani wins New York City mayoral election
“No room for islamophobia in New York,” says Zohran Mamdani
A Sacred sign hidden in the holy Mountains of “Taif”
Prince William kicks off Brazil visit with fun-filled trip to Copacabana beach
Next Article
Exit mobile version