Dutch sunflower oil supply could run out in just four weeks 20 March 2022, By Victoria Séveno Severe shortages caused by the ongoing war in Ukraine mean that the Netherlands’ supplies of sunflower oil could run out in four to six weeks, the Federation of the Dutch Food Industry (FNLI) has warned.
The Netherlands faces severe shortage of sunflower oil Alongside its status as a major exporter of grain, Ukraine also serves as one of Europe’s main producers of vegetable oil. Two-thirds of the Netherlands’ sunflower oil stock is imported from Ukraine, but as the war between Russia and Ukraine continues, those working for supermarkets and in the food industry are concerned about future shortages of this key cooking ingredient.
ACCORDING TO PALM OIL INDUSTRIES THE COST OF CPO PRODUCTION IS RM1,600
TODAY APRIL 2022 CPO FUTURE IS RM6,619
SINCE COST IS RM1,600
IF CPO IS RM3,200
PROFIT IS 100%
IF CPO IS RM4,800
PROFIT IS 200%
IF CPO IS RM6,400
PROFIT IS 300%
IF CPO IS RM8,000
PROFIT IS A WHOPPING 400%
WE ARE TALKING ABOUT GROSS PROFIT
NET PROFIT DEPENDS ON EACH INDIVIDUAL PALM OIL COMPANY PERFORMANCE
WITH SUNFLOWER OIL RUNNING OUT FROM UKRAINE, CANOLA OIL ALSO NOT MUCH STOCK, LA NINA IMPACTED SOYOIL FROM SOUTH AMERICA IT IS HIGHLY POSSIBLE THAT CPO PRICES CAN REACH RM8,000 OR HIGHER FOR A PRO-LONGED PERIOD TILL END 2023
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