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Provisions and stores still impacted by volatility, but delivery capacity remains strong

Market and business update - September 2022

Commodity markets are still characterized by inflation and volatility. The crude oil prices, freight rates and congestion rates have downturned over the recent months, but still remain on a considerably higher level than before Covid and the Russia-Ukraine war. Also, extreme drought in different parts of the world, adds to the pain, especially in the grain and electricity markets. These disruptions cause ripple effects on the commodities, but still our delivery capacity remains very strong.

This market and business update intends to give you an overview of expected price increases and decreases within the most important commodities, freight rates, supply chain challenges, and the additional effects of labor shortages, increased lead times and challenges in major ports.

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