According to Sylvain Charlebois, professor of food distribution and policy at Dalhousie University, restaurant operators have begun alerting him to vegetable oil prices skyrocketing due to the low output of Ukrainian sunflower oil and Indonesia restricting exports of palm oil.
“I’m hearing from restaurant operators that they’re likely going to see prices triple by the end of this year when it comes to vegetable oil. Food service is a big deal when it comes to vegetable oil in Canada… so don’t be surprised if menu prices are impacted by that,” Charlebois told CTV News.
