Most of the food oil consumed in South Africa is sourced from Europe, with Russia and Ukraine the key suppliers.
Slap chips lovers and kota eaters are going to pay the price for Russia's invasion of Ukraine.
Restaurants and quick-service food joints will need to hiek their prices, says Potatoes South Africa. South Africa’s much-loved slap chips, and street-food favourite kota that contains so much of it, are about to get more expensive due to Russia's invasion of Ukraine.That will see consumers having to pay more for potato products that use a lot of cooking oil, including fries and crisps, Potatoes South Africa told Business Insider South Africa.
Although South Africa produces vegetable oil, it does not make enough to meet local demand, and imports are heavily dependent on the Black Sea region. “There are already supply and demand issues; the supply is getting less, and oil prices are already very high because of drought and some difficulties in the previous years,” Luan van der Walt, an economist at Grain SA, said.Potato prices are currently"quite fair", said Strike Sebake, managing director for Tshwane Green, a market agent at the Tshwane fresh produce market.
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