Simonis Storm Managing Director Bruce Hansen

Cooking oil price increases by 21.4 percent …. Fears of price hikes in more stables as war in Ukraine continues

Eba Kandovazu Simonis Storm Managing Director Bruce Hansen in a geopolitics report says that food prices in Namibia will continue to spike because of Russia’s invasion of Ukraine. He says Ukraine is a major producer of agricultural products, particularly sunflower oil, which is one of the basic products used in the majority of households in Namibia. According to the stock broker, Namibia, as a result of the war can expect to see higher prices in bread, corn, baking flours, honey, beverages in aluminium cans, cheese, cooking oils and many other consumables. Ukraine also ranks first in Europe in terms of…
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