Charting the global economy: commodities fuel yet more inflation
Russia’s invasion of Ukraine has sparked a feverish run-up in the prices of just about every commodity.
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Russia’s invasion of Ukraine has sparked a feverish run-up in the prices of just about every commodity.
What can the world's biggest buyer of wheat do when supplies from mainstay providers Russia and Ukraine are choked by war? For Egypt, it could mean pressing ahead on a delicate venture: raising the price of subsidized loaves for the first time in four decades.
What can the world's biggest buyer of wheat do when supplies from mainstay providers Russia and Ukraine are choked by war? For Egypt, it could mean pressing ahead on a delicate venture: raising the price of subsidized loaves for the first time in four decades.
Global food prices hit a record last month and inflation indices across major economies are on the rise amid the Ukraine war.
Russia and Ukraine delivered 86 per cent of Egypt’s wheat imports in 2020