Energy prices rise in Germany, supermarkets limit purchases

The ongoing Russia-Ukraine conflict has had a significant impact on many industries around the world. According to foreign media reports, Russia and Ukraine, as important grain and sunflower oil producers and exporters in the world, have been greatly affected by the conflict.

Russia and Ukraine account for 30% of the world's wheat exports each year , but the recent conflict has halted grain exports from both countries, and the prices of agricultural products, edible oils and other products have also been greatly affected.

Germany, as an important importer of agricultural and sideline products and edible oil, has also been greatly affected by fluctuations. It is understood that due to the shortage of raw materials such as sunflower oil and rapeseed oil , edible oil, flour and other products in supermarkets in many parts of Germany have been frantically snapped up by German people recently. Some supermarkets have even experienced large-scale out-of-stock phenomenon .

Several supermarkets in Germany have begun to mark purchase limit information for customers. The supermarkets said they have noticed an increase in demand for cooking oil and have taken measures such as temporarily limiting sales to one or two bottles for some customers.

In addition to cooking oil and flour, many daily necessities, including baby products, sanitary products, kitchen supplies , etc. are also marked as restricted purchase products by supermarkets .

In addition, photos of empty supermarket shelves appeared on many social media platforms, seemingly having been rushed by customers, and the German Food Trade Federation (BVLH) urged Germans to avoid hoarding items.

In the early stages of the global outbreak, stores were sold out. In addition to supermarket products, natural gas and fuel prices also continued to rise . Due to Russia's so-called "sanctions" by many Western countries in this conflict , related energy exports were restricted. Faced with the high cost of living, some German financial experts even provided ways to save fuel and reduce expenses.

In response to the continuous rise in energy prices, people in some European and American countries have held marches and strikes. Relevant sellers should also pay attention to the dynamics of the target market in a timely manner and arrange store products and delivery plans reasonably.

Energy prices rise across the board in Germany

Supermarket purchase restrictions