The frantic price rally provoked by the Russian invasion of Ukraine continues
Russia
Ukraine
Published Mar 2, 2022
Tridge summary
The war in Ukraine has shaken commodity markets. News agencies do not stop with alarming news coming from both sides of the Atlantic, Reuters warns: - Oil and grain prices are soaring due to the declared nuclear readiness in Russia and Western sanctions; - The record high level of aluminum prices caused by concerns about Russian supplies; - Gold is becoming more expensive, palladium prices are rising as the West tightens sanctions; - The world fears global food inflation due to the drastic rise in prices of wheat, corn and vegetable oils.
Original content
The war in Ukraine has shaken commodity markets. News agencies do not stop with alarming news coming from both sides of the Atlantic, Reuters warns: - Oil and grain prices are soaring due to Russia's declared nuclear readiness and Western sanctions; - The record high level of aluminum prices caused by concerns about Russian supplies; - Gold is becoming more expensive, palladium prices are rising as the West tightens sanctions; - The world fears global food inflation due to the drastic rise in prices of wheat, corn and vegetable oils. Let's look at the grain markets. Analysts say that in the last few days, the prices of major cereals in Europe and the United States have shown unprecedented volatility. On 25 February, for example, the lower limit of the price fluctuations of the May wheat contract on the Paris Stock Exchange (Euronext) was around EUR 314 / t and the upper EUR341 / t, which is almost EUR 27 in just one day. On the morning of February 25, wheat began trading in Paris ...
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