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Cooking oil prices could climb further in 2026, driven by two big risks: the Iran war’s impact on shipping and freight costs, and a possible El Niño that can hurt palm yields.
With edible oils already up 12–13% YoY (sunflower up 17%), the squeeze may intensify as biodiesel demand rises and supply uncertainty grows. What could ease prices—peace or a weaker El Niño—remains to be seen.
Published on April 28, 2026
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