Vegetable Oil Running Out | Food Prices About to Explode

Added: 2026-05-11

[00:00:00]Hey everybody, Economic Ninja here.

[00:00:02]Vegetable oil is exploding in price. They're calling it the vegetable food vegetable oil inflation event. It's sending world food prices higher right now. Check this out.

[00:00:14]The benchmark for global food commodity prices rose for a third consecutive month in April hitting its highest level since early 2023 as Middle East supply disruptions elevated energy costs and tightening supplies for certain agricultural products appear to be the driving next leg higher in global food prices. It says right here, um they're talking about specific things like uh supply chain disruptions spreading through fertilizer, diesel, freight, biofuels, grains, and vegetable oils.

[00:00:48]They said we um this is causing the price of food the food index, right? Um the largest move came from vegetable oils where prices jumped 5.9% to its highest level since July of 2022. Palm oil, soy, rapeseed, um and sunflower oils all rose supported by stronger biofuel demands, higher crude prices, and tight Black Sea supplies.

[00:01:14]You know, some some and I'm just going to say it let's call it out, right? Somebody's going to go to the go, "Well, it's good because those oils aren't good for you anyway." They're not very intelligent people because they can't focus on the the serious thing. I don't care how unhealthy those oils are, the fact of the matter it's causing the global food supply to rise, and you got to look at the consequences of all of that. You know, you got people talking heads all over the internet that just want to be heard, but they can't even focus on the real dilemma at hand, and that is going to be as inflation increases, people are going to have less money to spend with their paycheck. It's going to cause a downturn in all kinds of markets around the world, and then what are you doing? You going to part of the problem are you going to be part of the solution for your family, for your your generations to come. These are those kind of opportunities that make people wealthy. When they they see trouble ahead, they store up, they're prudent, they don't have to deal with it, and then they have extra cash to take on the aftermath after that, and watch their net worth go through the roof. I think that's an incredibly honorable thing, you know, to do the opposite of what the herd is doing.

[00:02:20]This is exciting stuff to me. Now, it says vegetable oils, however, are experiencing stronger price increases driven largely by higher oil prices, which are increasing in demand for biofuels and putting additional pressures on the vegetable oil markets.

[00:02:36]That comes from uh a chief economist uh at FAO, Maximo Torero. And this is really happening before our eyes. So, I hope you guys are ready for this. You're going to see food prices explode. Um if you cook with it oil certain oils, you may just want to pick up a little bit more Costco this uh this month because why not? You're paying yesterday's uh price from the truck getting delivered over there instead of the future price, which is going to be higher because even if this Iran conflict ends anytime soon, you're going to still see this go through the summer. All right, that being said, the Economic Ninja is out.