# Ukraine war to cause biggest price shock in 50 years - World Bank

> The World Bank warned the Ukraine war will cause the largest commodity shock since the 1970s, with energy prices rising more than 50%. Natural gas in Europe is forecast to more than double, and food and cotton prices are also set to rise sharply. Elevated prices are expected to persist into 2024.

- Date: 2022-04-26 · published 2022-04-26T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41883-ukraine-war-to-cause-biggest-price-shock-in-50-years-world-bank
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher energy and fertilizer-linked costs raise feed production and freight expenses, and sustained elevated prices pressure feed buyers' margins.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- WHEAT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-11-04 | [Canadian dollar posts biggest gain in 12 years as jobs surge](https://feedsoft.ai/events/38913-canadian-dollar-posts-biggest-gain-in-12-years-as-jobs-surge.md) | -1.9% | -9.4% |
| WTI | 2017-10-30 | [Diesel Climbs to Highest Price in More Than Two Years - TT](https://feedsoft.ai/events/68644-diesel-climbs-to-highest-price-in-more-than-two-years-tt.md) | +3.2% | +7.8% |
| WTI | 2025-05-01 | [Canadian dollar posts biggest gain in three months on tariff pause](https://feedsoft.ai/events/25354-canadian-dollar-posts-biggest-gain-in-three-months-on-tariff-pause.md) | -0.2% | +3.9% |
| WTI | 2020-11-16 | [DOE/EIA average retail diesel price takes biggest jump in more than a year - FreightWaves](https://feedsoft.ai/events/50323-doe-eia-average-retail-diesel-price-takes-biggest-jump-in-more-than-a-year.md) | +5.1% | +17.5% |
| WTI | 2020-12-03 | [Loonie rises to highest point in 2 years on vaccine optimism, oil prices \| CBC News](https://feedsoft.ai/events/49871-loonie-rises-to-highest-point-in-2-years-on-vaccine-optimism-oil-prices-cbc-news.md) | +0.5% | +7.0% |
| BRENT | 2020-12-03 | [Loonie rises to highest point in 2 years on vaccine optimism, oil prices \| CBC News](https://feedsoft.ai/events/49871-loonie-rises-to-highest-point-in-2-years-on-vaccine-optimism-oil-prices-cbc-news.md) | +1.7% | +7.3% |
| BRENT | 2026-08-01 | [Baht set to decline again amid Mideast war](https://feedsoft.ai/events/18616-baht-set-to-decline-again-amid-mideast-war.md) | -7.4% | -3.1% |
| BRENT | 2023-07-31 | [Goldman Sachs: China Is The Biggest Driver Of The Oil Price Rally \| OilPrice.com](https://feedsoft.ai/events/35217-goldman-sachs-china-is-the-biggest-driver-of-the-oil-price-rally-oilprice-com.md) | +2.4% | +0.2% |

## Sources

- bbc.com: https://www.bbc.com/news/business-61235528

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.