The Graphic Truth: How edible oil prices are cooking

The Graphic Truth: How edible oil prices are cooking
Ari Winkleman

Supply chain disruptions and the war in Ukraine have caused a growing food crisis globally, resulting in scarcity of staples and soaring prices.

The crisis has also given rise to protectionist trade policies, with some countries trying to hoard reserves and keep prices down at home. While states like Indonesia temporarily banned exports of palm oil — driving up prices of the cheap cooking oil that most developing states rely on — some wealthy European states have rationed how much sunflower oil consumers can purchase at the grocery store.

The effects of these disruptions in recent months have been felt far and wide. After the temporary Indonesian export ban was announced last month, the national currency in India, the world’s largest importer of palm oil, dropped to an eight-month low. Similarly, Britain’s lucrative fish and chip market has been sent into a tizzy because of sunflower oil shortages, and there are estimates that thousands of fish and chip shops could be forced to close their doors.

We take a look at the global price of palm, sunflower, and coconut oils since 2000.

For more insights on the topic, check out Hunger Pains, GZERO’s special coverage of the ongoing food crisis.


This comes to you from the Signal newsletter team of GZERO Media. Subscribe for your free daily Signal today.

    More from GZERO Media

    When Walmart stocks its shelves with homegrown products like Fischer & Wieser’s peach jam, it’s not just selling food — it’s creating opportunity. Over two-thirds of what Walmart buys is made, grown, or assembled in America, fueling jobs and growth in communities nationwide. Walmart’s $350 billion commitment to US manufacturing is supporting 750,000 jobs and empowering small businesses to sell more, hire more, and strengthen their hometowns. From farms to shelves, Walmart’s investment keeps local businesses thriving. Learn how Walmart's commitment to US manufacturing is supporting 750K American jobs.

    Earlier this month, Microsoft released the 2025 TechSpark Impact Report, which highlights how the company is assisting regions across the US in achieving these goals. Since its launch, TechSpark has obtained over $700 million in community funding, supported more than 65,000 people in developing digital skills, and, thanks to the work of TechSpark Fellows, catalyzed $249M+ in funding and upskilled 34,600 individuals across 46 communities — highlighting the ripple effect of local leadership and innovation. Learn more about this progress in the 2025 report here.

    People walk past a jewelry store in the Diamond District of Manhattan, New York City, USA, on August 6, 2025.
    Jimin Kim / SOPA Images via Reuters Connect

    GZERO spoke to Eurasia Group’s Commodities Director Tim Puko to better understand why the diamond industry has tanked, and the consequences of this for geopolitics.

    - YouTube

    In Ask Ian, Ian Bremmer notes that US–China relations are once again on edge. After Washington expanded export controls on Chinese tech firms, Beijing struck back with new limits on critical minerals. President Trump responded by threatening 100% tariffs, then quickly walked them back.

    In this episode of The Ripple Effect: Investing in Life Sciences, host Dan Riskin speaks with Patrick Horber, President of Novartis International, and David Gluckman, Vice Chairman of Investment Banking and Global Head of Healthcare at Lazard. Together, they break down the outsized economic impact of life science innovation, from trillions in US bioscience output to China’s meteoric rise as a global R&D hub.

    RPG-7 training of Ukrainian soldiers. November 17, 2024.
    • Adrien Vautier via Reuters Connect

    People from different cultures often approach the same problem in different ways. We wondered — would an AI trained and tuned in China approach a complex geopolitical challenge differently than a model created and trained in Europe, or in the United States?