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Analysts expect agricultural commodity price increases to slow in 2023 because of a higher base effect and a slowing global economy. They still expect prices to stay high by historical standards due to macroeconomic uncertainty.
The article recalls that the Russia-Ukraine war, strong demand and weather-related supply tightness pushed several agri-commodities to multi-year highs in 2022.
A slower pace of price gains reduces cost pressure on feed buyers in 2023, though elevated price levels and macro uncertainty keep input costs high.
businesstimes.com.sgUma DeviJan 4, 2023After 177 past macro events, PALMOIL moved a median +0.0% over 5 sessions (50% higher; middle half -1.9% to +1.9%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
