Do you know what percentage of the international trade in canola oil comes from Russia and Ukraine?
Share
This represents 64%
Anyone who has been to their favorite supermarket has probably noticed the sharp rise in the price of oil. The reason lies in Russia’s invasion of Ukraine. Together, these two countries account for 64% of global sunflower oil exports. Both countries are also major suppliers of wheat, barley, and corn, as shown in this chart from Our World in Data.