Global Crude Palm Oil Prices, New Taxes Driving Cooking Oil Costs Up

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In short
Crude palm oil prices hit record highs in May 2021, along with soybean oil, sunflower oil and other soft oils, which compete for a share in the vegetable oils market. The prices in Uganda have increased USD 1,300 (4.6 million Shillings) per metric tonne, from USD 500 (1.8 million Shillings), two years ago.

 

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