The pandemic and the war in Ukraine have affected both suppliers and consumers. As the price of edible oils in general continues to rise, both suppliers and consumers will continue to adapt their preferences and make purchasing decisions focusing on bigger packaging formats.
In Chile, olive oil and other edible oils differ regarding the place where they are produced. Olive oils are mainly produced locally, since Chile has more than 24,000 hectares of olive cultivation available for olive oil extraction, and this is increasing every year.
As the war in Ukraine continues to impact the world, prices of products that are primarily offered by the countries involved will continue to rise, and edible oils is no exception. Consumers must face increases in the prices of edible oils every week, and unfortunately their income levels do not adjust at the same pace as prices increase, affecting the affordability of such products.
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This is the aggregation of olive oil and vegetable and seed oil (which comprises of corn oil, palm oil, rapeseed oil, soy oil, sunflower oil, and other edible oil). Please note blended oil that contain over 50% of one type of oil are categorised in that category, e.g. blended oil with 60% soy oil is categorised in soy oil; whereas blended oils with less than 50% of a specific type of oil are categorised in other edible oil. Includes: Pre-packaged edible oils products purchased by consumers through legally established retail channels. Excludes: Unpackaged/bulk oils, i.e. instances where consumers bring an empty container or plastic bag to be (re)filled with cooking oil. Example: Minyak curah in Indonesia.See All of Our Definitions
This report originates from Passport, our Edible Oils research and analysis database.
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