Market insights
Oil prices, freight rates, and transit times continued dropping in April and May 2023 at a low pace, but remain considerably higher than average pre-inflationary levels. Food prices – though also still significantly higher – have dropped marginally since January 2023. Yet, especially rice and olive oils are highly influenced by lower supplies due to extreme weather 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 within provisions and stores, freight rates, supply chain obstacles and challenges in major ports.
