, which means anything that requires transportation at any stage of production—almost everything—will be impacted. Penfield predicts inflation may hit 11% by the end of the year.will be particularly vulnerable. Ukraine is the largest exporter of sunflower oil in the world, responsible for up to 46% of sunflower-seed and safflower oil production, according to the Observatory of Economic Complexity. The second largest producer is Russia, which exports about 23% of the world’s supply.
That’s because of how globalized the marketplace is for cooking oils and other products. “When there’s a supply chain issue or problem that happens in one place,” says Penfield, “it impacts the price for all the oils everywhere.” Nor is it easy for manufacturers changing to a different cooking oil for their products. Due to food safety and regulatory laws in many countries, switching to a more available oil would require snack companies to produce new packaging indicating the presence of whatever oil they swapped in. “We can’t switch overnight to using another vegetable oil,” says Thomas Lock, founder of the United Kingdom-based British Snack Co.
Oh ffs. Who cares?
It's fair to say the relevance of the commodity of wheat increasing exponentially would be disregarded as an joke unless you factor in the small bit pundit, speculator after fast cash unlike the commodity petrol which would be an safe bet on an high stakes game with less returns.
Bruh.. its everything that will increase in price. Called inflation, the Russia / Ukraine situation May just have sped up the process.
People are fucking dying and you’re worried about potato chips? Is this or buzzfeed? This is shitty, even by tabloid clickbait standards.
They sell air…
I’m shook! That's terable.
Who really gives a damn. There are innocent people dying bc of a maniac Putins desire to control Europe.
America, it's time to stand up, more expensive CHIPS WTF!!! Stop this tyrant right now!
NOOOOOOOOOOOOOO
Unhealthy anyway. No problem at all.
It can be a blessing for Americans.
This is truly ridiculous. Inflation was out of control far before any Russia-Ukraine conflict.
Are you serious Who cares! We’re lucky to worry about the price of potato chips. You should take this down. This is disgraceful.
It's not a 'conflict'. It is WAR! It is AGGRESSION It is INVASION
Now this is some hard-hitting journalism. Getting right down to what weighs most heavy on our minds in this trying time. 3
This is what we have Idaho for, is it not? Everyone can grow their own potatoes.
The people in the United States could use less potatoe chips!
you are a King 👑 🥔 Head
Get tougher than tough times!
Crap
There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about JulieCrypto_ it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done.
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