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French fries, cheap and practical, have become a staple of Lebanese families’ kitchens, but this time around, for the holy month of Ramadan, they, like other important foods, risk being left out of the festive table.
The reason is the significant rise in price of sunflower oil due to the war in Ukraine.
In Lebanon, Reuters says, citing the World Food Program, where a deep economic crisis has pushed food prices 11 times since 2019, the impact of the latest price spiral will be felt throughout the month of Ramadan, which begins in April 2.
Oil is considered the main ingredient for meals known as “iftar”, which usually contain dishes with rice, meat and all kinds of delicious dishes, but which require a lot of oil to prepare. In Lebanon, currently, a one-liter bottle of sunflower oil is about 10 times more expensive than it was three years ago.
The decrease in imports has forced some supermarkets to rationalize sales in one bottle per customer. More than 80% of global exports of sunflower seed oil depend on Ukraine and Russia, and prices for it rose by 64% in a single week at the end of March.
Last month, when Russia began its invasion of Ukraine, the Food and Agriculture Organization (FAO) said the vegetable oil index rose 8.5%, reaching a new record high.
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