Energy prices and shortages in market supplies keep commodity prices elevated

Oil prices, freight rates and transit times have fallen in the second half of 2022, but remain considerably higher than average pre-pandemic and pre-inflationary levels. Also, prices of agricultural commodities are still highly influenced by lower agricultural supplies due to the Russia-Ukraine war and extreme weather in certain parts of the world, still maintaining the prices of certain provisions on a high or even increasing 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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