Commodity prices dropping marginally, but still remain highly elevated

Oil prices, freight rates and transit times continued dropping in February and March 2023, but remain considerably higher than average pre-inflationary levels. Also, prices of agricultural commodities are still highly influenced by lower agricultural supplies and extreme weather in certain parts of the world, still maintaining the prices of certain commodities on a high level.

This market and business update intends to give you an indication of the expected price development of the most important commodities, freight rates, supply chain challenges, the additional effects of labor shortages, and challenges in major ports.

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