Supermarket refuses to sell overpriced cooking oil – in the meantime there is a risk of another price shock – Panorama

– The small town of Trendelburg in Hesse made headlines a few days ago: the local supermarket Edeka does not want to sell overpriced cooking oil in the future – and receives applause for this on the networks social. Meanwhile, a new price shock looms for a completely different fat source.

The operators of the Edeka in Trendelburg between Göttingen and Paderborn do not save on exclamation marks. “Our statement on oil!!!!,” reads a sign in front of an empty shelf. “Because of the occasion…we will not sell sunflower oil at 4.99 euros per liter! We distance ourselves from these prices and will not offer you any sunflower oil. There are limits!!! !” Shelves are only restocked when goods are available again at reasonable prices. “In the meantime, please move on to alternatives.”

The sign and the message behind it went viral. Hundreds supported supermarket operators, applauded with virtual applause. At the request of Munich tz the supermarket operator confirms the action. Almost five euros per liter is simply too much.

A new oil shock is imminent

The cooking oil rush has been raging for weeks. The war against Ukraine drove prices up to unsuspected levels, and at the start of the year the discount price was just under two euros per litre. In some places it has now doubled.

But things don’t just get complicated for sunflower oil. Indonesia could be responsible for the next crisis in world markets – with palm oil. The largest food producer recently imposed an export ban. The oil is used in all kinds of products, in confectionery, ready meals, margarine and ice cream. Experts estimate that one in two products in the supermarket contains palm oil.

Export stopover in Indonesia

Indonesia justifies the ban on exports by a shortage in its own country and an increase in prices. Only when the market stabilizes, says President Joko Widodo, will the goods leave the country again. This creates uncertainty. Germany alone consumes around 1.8 million tonnes of palm oil every year – producers expect prices to rise massively.

Palm oil has been criticized for years. For massive cultivation areas, especially in Asia, many hectares of tropical forest are cleared, explains the environmental protection association WWF. Experts undertake to respect minimum cultivation standards.

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