Wheat and corn are back to prices seen before Russia’s invasion of Ukraine, while the cost of palm oil has dropped to below its pre-war price
after Russian tanks rolled into Ukraine, an inflationary shock is still ripping through boardrooms, finance ministries and households, with European natural-gas prices surging again on August 22nd owing to fears of further disruptions to supply from Russia. But in one crucial area, prices have come back to Earth. The cost of grains, cereals and oils, staples of diets around the world, have returned to levels last seen before the war began.
That terrible outcome now appears to have been avoided. Last week wheat futures in Chicago, for delivery in December, dropped to $7.70 per bushel, far below the $12.79 they reached three months earlier and back to their level in February. Corn is also back to its pre-war price. Meanwhile, palm oil, found in thousands of dishes from ice cream to instant noodles, has dropped not only back to its pre-war price, but to below it .
The sheer volume of speculation on futures markets may also help explain the volatility. Michael Greenberger of the University of Maryland, formerly a division director at the Commodity Futures Trading Commission, a regulator, notes that rules limiting speculation are routinely avoided by American banks, which assign swaps to their foreign subsidiaries.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why you should move to Sandsend on the Yorkshire coastA wide open beach that never gets too busy, a handful of smart cafes where you can enjoy a cuppa and a crab sandwich, and not a hint of the gaudiness or flash of some of the bigger resorts.
Consulte Mais informação »
Review: The Why Cycles Big Iron V2 changed my mind about 27.5' fat bikesThe Why Cycles Big Iron V1 was a big leap in titanium fat bike design. But V2 really takes things to another level.
Consulte Mais informação »
Why using an ‘emotion wheel’ is the secret to understanding your moods betterDo you struggle to make sense of how you’re really feeling? An ‘emotion wheel’ could be just the tool you’re looking for.
Consulte Mais informação »
Morelos: A long-running saga at Rangers and why he's been dropped for PSV decider🔵 Morelos left out of RangersFC squad for PSV because of his fitness, attitude & commitment 🔵 Sent off on Saturday after just 13 minutes 🔵 Lifestyle off the field an ongoing issue 📝 JordanC1107
Consulte Mais informação »
Why you need to wear SPF all year round-even in Northern IrelandDr Mottram advises that no matter what the weather, we should never leave home without applying SPF- it is as important as brushing your teeth in the morning!
Consulte Mais informação »
Forget The Great Resignation, this is the time of The Great ExhaustionIt’s being called The Great Exhaustion – but what has led to this phenomenon and what can we do about it?
Consulte Mais informação »