Cooking Oil Shortage 2024. If you buy your olive oil in bulk, you've likely been shocked in recent weeks. Two months after russia's invasion of ukraine upended global agricultural trade, indonesia is set to ban exports of cooking oil in the wake of a local shortage and soaring.

Cooking oil ‘double whammy’ price shock. Millions around the globe, already facing food shortages and an escalating hunger crisis, are being hit with a new problem: