The Ukraine conflict is compounding in a multitude of ways the already upward and alarming trajectory of overall food prices.
Tags: crisis in Ukraine
According to the Organization of Petroleum Exporting Countries (OPEC), there is “no physical shortage” of oil. So, what is happening then? As in the case of major oil price volatilities this century, excessive speculation in the oil derivatives markets is pushing up prices, not the disruptions in oil’s actual or physical trading.