National-World

Palm oil prices increase amid Russia-Ukraine war

Published March 2, 2022 4:34 PM

(KYMA, KECY/CNN) - Palm oil prices are going up alongside gasoline due to Russia's ongoing attacks on Ukraine.

Shipments being halted in Indonesia have caused prices to spike by 18% since the last week of February.

Palm oil is used in cooking and cosmetics, so the popular ingredient may be more difficult to find.

Sunflower oil is a common substitute but it's a main Ukraine export and may also become more expensive.

Article Topic Follows: National-World

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