Coffee producers have found themselves in the critical situation due to rising fertilizer prices, writes Bloomberg. Farmers are trying to find alternatives to fertilizers, the prices of which are rising worldwide due to supply disruptions, including from Russia and Belarus (both countries are among the world's leading suppliers of fertilizers). As for other inputs needed for agriculture, they,...

Prices for various types of building materials made of steel rose in Japan to a 13-year high, the Nikkei newspaper reported. Various types of steel building materials required in the construction of high-rise buildings have risen to maximum values against the background of the conflict in Ukraine. Imports of this type of products from Russia and Ukraine amount to 11% of the world figures. The...

American entrepreneur Elon Musk said that his companies SpaceX and Tesla are facing inflationary pressures in raw materials and logistics. In his Twitter account, the businessman invited his followers to speculate on what inflation will be in the next few years. "Tesla and SpaceX have seen significant inflationary pressures in raw materials and logistics lately. And we're not alone," Musk...

The International Monetary Fund (IMF) has not yet seen any preconditions for a global financial crisis due to the events in Ukraine and sanctions imposed on Russia, said IMF Managing Director Kristalina Georgieva. "Right now we don't. When we look at the contingency of banks with Russia, it's about $120 billion. Not to call it a negligible amount, but definitely not systemically significant," she...

Uranium exchange prices soared to new highs not seen since the Fukushima nuclear disaster in 2011, says Bloomberg referring to data from the UxC company. The price of Ux U3O8 reference uranium has risen to $59.75 per pound. According to the agency, this could have happened as a result of impending penalties against Russian Rosatom. At least 35% of the world's uranium enrichment is done by the...

The U.S. stock market rose sharply on Wednesday, breaking a four-day decline amid the conflict in Ukraine. The Dow Jones Industrial Average rose 2.00% to 3,3286.25 points, the NASDAQ high-tech index rose 3.59% to 1,3255.55 points and the S&P 500 broad market index rose 2.57% to 4,277.88 points. The indices posted their biggest gains since June 2020. Analysts suggest that bidders were buoyed...

Nickel trades on the London Metal Exchange (LME) are unlikely to resume before Friday, the exchange said. The sanctions imposed by a number of countries against Russia have contributed to a spike in commodity prices due to concerns about disruptions of supplies to the market.  A day earlier, the cost of nickel at the LME due to concerns about supply has jumped more than twice and for the...

The unfolding events in Ukraine are further exacerbating the global energy crisis, Saudi Arabian oil company Saudi Aramco CEO Amin Nasser said. "Unfortunately, the tragic events unfolding in Ukraine are exacerbating the global energy crisis further," Nasser said at a panel discussion at the ongoing CERAWeek international energy conference in Houston. Global oil and gas prices in recent weeks...

US stock markets closed at the end of the week in the red zone. The conflict in Ukraine, imposition of sanctions and counter-sanctions, as well as suspension of operations of a significant number of companies in Russia forced investors to reconsider their forecasts. Geopolitical risks are a serious driver for commodity prices. Energy, metal and agricultural commodity prices are hitting all-time...