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Commodity prices influenced by rise in oil prices and adverse weather patterns

Transit times and freight rates remained relatively stable in August and September, whereas crude oil prices have increased since June. The average price index for foods – provisions – slightly dropped. Yet, rice, sugar, and sunflower oil have been on the rise mainly influenced by adverse weather patterns in certain parts of the world. 

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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