Russia-Ukraine war: India staring at a spike in cooking oil prices. Here's why

 

• Russia and Ukraine, the two nations at war against each other, export around 80 per cent of the world's sunflower oil
• Indian traders have contracted 5.5 lakh tonnes sunflower oil from Ukraine, Russia, most of which is stuck
  
  ndia is staring at a spike in cooking oil prices amid the Russia-Ukraine war as over 3.5 lakh tonnes of cooking oil that's about to be shipped to India remains stuck at various ports. Notably, the two nations that are at war against each other export around 80 per cent of the world's sunflower oil. This makes it likely that India could soon face a spike in cooking oil prices if the supply gets disrupted.