Cooking oil prices triple as palm costs rise 33pc



Business Daily | by Elizabeth Kivuva


Prices of crude palm oil have jumped by 33 percent due to the Ukrainian crisis, as sector players initiate efforts to urge the government to contain a further rise in cooking oils.

Manufacturers of cooking oil are now buying palm oil, the main raw material at between $1760 (Sh200,534) per metric tonne and $1980 (Sh225,522) after the escalation of Ukraine-Russia conflicts last month…

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