SINGAPORE—Commodity markets extended their bull runs on Thursday, with aluminium, coal and palm oil all hitting new records while crude oil and wheat scaled multi-year highs as Russia’s invasion of Ukraine disrupted global raw material flows. Russia’s stature as a top supplier in oil, gas, metals, grain and shipping markets has meant that the harsh…
Aluminium Hits Record Top; Oil, Wheat at Multi-Year Highs on Supply Woes
March 4, 2022
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Wheat Prices Rise to 14-Year High After Invasion of Ukraine
Wheat prices have soared past $10 per barrel, the highest price since 2008 for the staple grain, as a result of Russia’s invasion of Ukraine. The cost of wheat futures on the Chicago Board of Trade rose by 5.4 percent to a total of $9.84 per bushel, reaching the limit for single-day price variation on this exchange…
Russia-Ukraine Crisis Threatening Global Food Supply, Wheat, Corn Supply Disruptions Anticipated
February 22, 2022
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Business & Economycommoditieseconomic policieseconomyEuropefighting in Ukrainefood pricesfood supplyMarketsRussia-Ukraine tensionswheatWorld
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The simmering Russia-Ukraine crisis is endangering the global food supply, threatening to create food shortages and drive up prices even higher, with wheat, corn, and sunflower part of the list of items that will be most affected. Russia and Ukraine combined account for roughly 80 percent of global sunflower oil exports, 29 percent of the…
Russia-Ukraine Crisis Threatens Global Food Supply; Wheat, Corn Supply Disruptions Anticipated
February 22, 2022
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Business & Economycommoditieseconomic policieseconomyEuropefighting in Ukrainefood pricesfood supplyMarketsRussia-Ukraine tensionswheatWorld
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The simmering Russia-Ukraine crisis is endangering the global food supply, threatening to create food shortages and drive prices even higher, with wheat, corn, and sunflower oil among the items that will be most affected. Russia and Ukraine combined account for roughly 80 percent of global sunflower oil exports, 29 percent of the world’s wheat exports,…
Have You Ever Heard of This Healthy Alternative to Flour?
Have you ever heard of breadfruit? It’s a rather strange name for a piece of fruit that sounds like it may smell or taste like bread. Instead, breadfruit is grown in tropical regions of the world and, like jackfruit, is a member of the mulberry family. Breadfruit trees were originally found in Polynesia. People use…
UK to Add Folic Acid to Non-Wholemeal Wheat Flour
Folic acid will be added to non-wholemeal wheat flour across the UK, the government has announced, saying the addition is aimed at reducing spinal conditions in babies. The Department of Health and Social Care (DHSC) said 80 countries, including Australia, New Zealand, and Canada, have already been adding folic acid to staple food products. A shortage of…
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