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Sunday, May 29, 2022

These products are hoarded

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Empty supermarket shelves are not uncommon these days. The war in Ukraine is stoking fears of supply bottlenecks, and many people are buying ahead of time. Exactly two years ago, the same picture was presented in stores, at that time Corona caused uncertainty. What products are and were particularly in demand – an overview.

At the beginning of the corona pandemic, toilet paper was in particularly high demand. In 2022, other products will be very popular with hamster buyers. (Image: Getty Images)

In the spring of 2020, an exceptional situation suddenly prevailed all over the world. The coronavirus spread rapidly and caused uncertainty. Fear of supply bottlenecks and how things would go in the future led people to buy hamsters. Toilet paper in particular was in demand in Germany, but pasta, flour and dry yeast suddenly sold out in many supermarkets.

Wheat shipments from Russia and Ukraine

Now, exactly two years later, another catastrophe looms: the Ukraine war is fueling fear again. While energy costs are skyrocketing, food prices seem inevitable as well. The reasons for this are the sanctions against Russia, which have eliminated imports, and the lack of exports from Ukraine. Wheat deliveries in particular are affected. Noisy capital Ukraine’s share of the world wheat market has only been eight percent in recent years, together with Russia it has a share of about 30 percent of world wheat production.

Flour and oil are the most demanded.

Until now, the European Union has obtained 70 percent of agricultural products exported from Ukraine, such as wheat, corn, barley and rapeseed. This will no longer be possible to this extent in the future. Hamster purchases are the result.

In Germany, flour is currently mostly bought in advance, the shelves are empty in many places. It also appears in Spanish and Italian supermarkets capital informed. Just like at the start of the pandemic in 2020, there is a huge gap in pasta shelves.

Supermarkets limit the tax

However, the greatest demand is currently for sunflower oil. Many markets now limit the tax to one bottle per household. Background to high demand: 80 percent of the world’s supply of sunflower oil comes from Ukraine.

Since sunflower oil is already out of stock in many places, many customers switch to other types of oil and buy rapeseed or frying oil in stock, which is now also rationed by many retailers. Bottlenecks in the supply of rapeseed or olive oil are not expected; in these cases, hoarding is evidently due to fear of possible price increases.

Norwegians and Finns stock up on iodine tablets

A completely different product is affected in Norway and Finland. Fear of a nuclear attack, as well as the fighting near Chernobyl and the fire at the Zaporizhia nuclear power plant site, have sparked a rush for iodine tablets. capital. 1.7 million such tablets were sold in Norway.

In the event of a nuclear accident, taking iodine tablets can prevent radioactive substances from building up in the thyroid gland. According to the Federal Ministry, 189.5 million potassium iodide tablets (iodine tablets) are stored in Germany in the federal states, which can be distributed to the population in the event of a disaster. A precautionary and independent intake is not recommended.

Russia is running out of sugar

And finally, according to the economic magazine, Russia is not exempt from buying hamsters. There the sugar shelves are empty in many regions. For this reason, the country has already prohibited the export of sugar until the end of August and set a duty-free import quota of 300,000 tons of sugar and cane sugar.

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