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  • [New] The EU will have a competitive advantage on sustainability, not price, where the starting position is better than the US and China. New Europe
  • [New] With inflation at the highest level in 40 years, the Federal Reserve taking increasingly aggressive action to cool consumer demand and prices, the risk of a global recession is on the rise. Money Metals Exchange
  • [New] Expected milder weather and some temporary LNG indigestion could suggest a period of stable prices, but overall rising global demand and a sharp discount to prices in Europe and Asia is likely to prevent any significant weakness during the coming months. MarketWatch
  • [New] If Europe looks for immediate alternatives to Russian energy, prices will rise further, making it impossible for millions of people to buy food. Politico
  • [New] The current situation with Russian supplies has led to higher prices and could create food shortages. MiningFeeds
  • [New] The sudden spike in global prices of wheat had put the food security and the neighbouring countries and other vulnerable countries at risk. Mint
  • [New] The World Bank plans to spend $12bn (£9.6bn) to support low-income countries hit by shortages of food and fertilisers that have pushed prices higher since the Russian invasion of Ukraine. The Guardian
  • [New] Food production has been particularly hard hit, with historically high global food prices, rising costs of animal feed, and disruption in supplies as a result of the Ukraine war. KamCity
  • [New] Supply disruptions exacerbated by recent lockdowns in China makes a significant easing of core goods price inflation also unlikely in the short term. The Guardian
  • [New] The U.S. is a leading oil and agricultural producer, so higher prices that are hurting Europe could actually help parts of the U.S. economy. AP News
  • [New] Even though India consumes most of the wheat it produces, it had set a goal of exporting 10m tonnes in 2022-23, aiming to cash in on the higher prices and extra demand for its wheat in Europe, Africa and Asia. Leptospirosis
  • [New] As the average price of Russian oil falls, China will likely negotiate a harder bargain for piped oil, further cutting into Moscow's bottom line. Foreign Affairs Magazine
  • [New] India's move has sparked concerns that it will further drive up global food prices, which have already risen to record levels due to a void in wheat supplies after Russia's war on Ukraine.
  • [New] Crude oil prices retreated from a recent peak, as concerns about slowing world economic growth including in major economies such as China outweighed fears of further supply disruptions. RBidocs
  • [New] With energy prices having soared in 2022, inflation is expected to average 6.1% in 2022, and peak at 6.9% in the current quarter (it hit 7.5% in April, the highest rate in the history of the monetary union). The Guardian
  • [New] The average price of a litre of diesel has hit a high of just over £1.80 a litre - and could rise even further if the EU ban on Russian oil goes ahead. The Guardian
  • [New] Wheat prices have risen more than 60% in 2022, driven up by disruption from Russia's invasion of Ukraine. Financial Times
  • [New] Surging food prices after Russia's invasion of Ukraine amounted to a perfect storm of risk to economic development in Asia. Asia Times
  • [New] The ongoing war in Ukraine continues to impact further on consumers across the world, particularly the poorest, due to the resulting increases in the price of food, energy and fertilizers, putting the next global harvests and food security at risk. Food and Agriculture Organisation
  • [New] Oil prices will remain bullish, especially WTI's near-term contract, as U.S. gasoline prices continued to rise amid weaker imports of petroleum products from Europe. American Fuel & Petrochemical Manufacturers
  • [New] With a planned ban by the EU on Russian oil and slow increase in OPEC output, oil prices are expected to stay close to the current levels near $110 a barrel. American Fuel & Petrochemical Manufacturers

Last updated: 22 May 2022