The food ministry called a meeting of cooking oil industry bodies and manufacturers to deliberate on reduction in the retail prices of cooking oils as there has been a fall in global prices.
Ukraine is Kenya’s top supplier of sunflower oil, while the drought in South America has increased prices of soybean oil, which is usually an affordable alternative.
GENEVA - More than 50 trade ministers at the World Trade Organization ministerial meeting in Geneva on Sunday issued a supporting statement for embattled Ukraine and its ability to trade, underlining the importance of maintaining open and predictable markets. The ministers issued the statement on the opening day in Geneva of the first meeting of trade ministers in five years, an event that was postponed several times from June 2020 due to the Covid-19 pandemic. They expressed deep sadness "at the devastating human losses and profound suffering caused by the aggression against Ukraine," supporting UN General Assembly resolutions that have condemned the war started by Russia on Feb. 24. "The war is also having a devastating impact, including on Ukraine's economy and ability to trade," said the ministers, warning that the blockage of access to the Black Sea is seriously jeopardizing food supplies to some of the most vulnerable parts of the world. "The destruct