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Reuters
Reuters
Business
Ange Aboa and Joe Bavier

How Africa is bearing the brunt of palm oil's perfect storm

A woman sells plantains fried in crude palm oil, on a street in Abidjan, Ivory coast April 12, 2022. Picture taken April 12, 2022. REUTERS/Luc Gnago

Djeneba Belem's fried bean cake stall in Abidjan is a world away from the war raging in Ukraine. But her business is now at the mercy of an unexpected consequence: runaway palm oil prices.

"I didn't even want to sell anymore because I thought, if the price of oil had gone up that much, what am I going to earn?" she said as she stirred a batch of cakes at her street-side stall in Ivory Coast's lagoon-side commercial capital.

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