Commodity Prices Will Remain High in 2023, Says Research Group
The research group, Economic Intelligence Unit (EIU), doesn't see commodity prices falling after a volatile 2022.
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The research group, Economic Intelligence Unit (EIU), doesn't see commodity prices falling after a volatile 2022.
Heading into 2023, supply continues to be a prime concern when investing in agricultural commodities. This includes fertilizer.
ING noted more volatility ahead for the commodity markets in general, but agricultural commodities are skewed to the upside next year.
Rising inflation is producing positive income for farmers this year, but when it comes to sentiment, it was more negative during October.
In essence, the push of inflation is countered by an even stronger pull of rising commodity prices.