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Germany's largest chains, Lidl, Aldi and Edeka, reported that there was a shortage of vegetable oil and that in the near future prices will only grow rapidly. According to inFranken, if at the beginning of the coronavirus pandemic the population bought en masse not only food, but also personal hygiene items, today one of the most sought after products, oil, is gradually disappearing from the shelves. And not just sunflower, but also rapeseed.
According to Lebensmittel Zeitung (LZ), Aldi Süd even limited the sale of its own brand to four bottles per customer due to the shortage of vegetable oil. There are several reasons for the shortage. It's a combination of the ongoing coronavirus pandemic, poor harvests and rising production costs. Furthermore, according to LZ, two major manufacturers in Europe have stopped production.
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The interruption of supplies to two of the most important sunflower and rapeseed exporters, Russia and Ukraine, only made the situation worse. Additionally, retail chains have to rewrite price tags. Last year, edible oil in the lowest price segment was still available for less than 1 euro. And today, buyers are forced to pay at least 1.8-2 euros for a bottle of oil.
Spanish chains followed the example of their German counterparts. They have also started to ration the sale of sunflower oil so that there is no shortage of merchandise. “At the moment we have stock in stock,” said Primitivo Fernández, president of Anierac, an association that represents Spain's edible oil industry. ” But if supplies don't resume soon, there are likely to be stock issues on the shelves.
By: Leonardo Gottems | agrolink
