Oil sales increase

According to NielsenIQ, oil sales have jumped by +29% in one month, between mid-March and mid-April compared to the previous period. Unable to keep up, stores have been showing out-of-stock rates on sunflower and rapeseed oils, the first ones concerned by this rush of purchases.

 

The reason is the invasion of Ukraine by Russia, these two countries ensuring more than 80% of global exports of sunflower. The strong tension on supplies leads some consumers to stock for fear of running out, as on pasta before the quarantine.

 

According to NielsenIQ, the price of oils, all varieties combined, has increased by +2.96% in one month, making it the second most inflationary category behind frozen meats. Inflation is even +3.4% on national brand oils.