9th Mar 2022 @ 10:08 am

Canarian supermarkets have imposed limits on purchases of sunflower oil after fears of panic buying caused by price rises.

Ukraine is one of the major suppliers of sunflower oil, and a combination of high demand and limited supplies mean that prices for sunflower oil in Spain in are now approaching those of the traditionally more expensive olive oil.

Hiperdino, for example, has limited sunflower oil sales to 5 litres per person.

The rise in sunflower oil prices is likely to have the strongest impact on restaurants and hotels , and matters will not be helped by the simultaneous rise in electricity and fuel prices.

Nevertheless, Spanish supply association ASEDAS has assured customers that they have adequate reserves of oil, and reminded them that there are several alternatives to sunflower oil.

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