Indonesia’s ban on exports of palm oil, the world’s most consumed edible oil, is set to severely exacerbate the already-squeezed supply of cooking oil across the globe. Developing nations are expected to take the biggest blow.The world’s biggest producer of palm oil will effectively ban exports of the good starting …
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JPMorgan Chase says commodities could rise in price by 40% should investors boost their allocation to raw materials at a time of rising inflation. According to Bloomberg, the bank’s strategists said that while allocations appear to be above historical averages on commodities, they are not very overweight. That suggests scope …
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Washington has eased sanctions on Russian agricultural products, including fertilizers, placed on Moscow over the crisis in Ukraine. The move aims to protect US farmers from a shortage of chemical products as food prices in the country continue to soar. The Office of Foreign Assets Control (OFAC) of the US …
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Commodity exports from Russia to the US in monetary terms totaled $11.5 billion, with purchases of oil and petrochemicals seeing a substantial growth of 78%. US imports of mineral fuels, oil, and petrochemicals nearly doubled from $3.8 billion to $6.7 billion. US imports of precious and semiprecious metals and stones …
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