Ukraine and Russia are two of the world’s largest exporters of sunflower oil. Supply chain disruptions are now affecting the global vegetable oils market. They have led to higher prices, which are expected to stay high in 2022‑2023. Although developing countries export other types of vegetable oil, they also benefit from the higher market prices. This will probably more than make up for the higher cost of production inputs and the expected decline of exports to Russia and Ukraine.
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