As put by Vincent Igoe, Managing Director for Olleco Scotland: “In my 25 years in the industry, I’ve never seen markets like this”. The astronomical current price of oil is unprecedented, and is being caused by factors such as:
- A knock-on from the Covid-19 pandemic
- Extreme weather in Western Canada
- Increased biodiesel demand in the EU
- Adverse weather across South America
- Russia’s invasion of Ukraine
These circumstances have culminated in strong global demand for oil, but extraordinarily weak supply. In light of this, selecting the right type of oil has never been more crucial.
When choosing the best oil for frying, there are five overarching aspects to consider:
- Taste
- Performance
- Cost
- Safety
- Sustainability
Once you’ve evaluated each of these aspects and narrowed your search down to one or two types of oil, refer to the below chart for the specific benefits of three widely used oil types.