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In recent years, rice has emerged as an agricultural commodity with a reputation for relatively stable prices, when prices of most other agricultural products have been anything but. The main reason for this is the peculiar makeup of the rice market and how the international trade of the product is dominated by one actor in particular – India
Commodities show little sign of shaking the bearish momentum amid a slew of economic warnings across the globe. Whether the market wants to push oil much below $90/b amid potential OPEC output cuts , looming Russian sanctions, and the end of SPR releases is the big question. Demand destruction may be met by supply reduction. Prices are often a matter of perspective
This week, S&P Global Commodity Insights editors and analysts look out for potential oil production disruptions in the US, higher drilling costs, Singapore's multifuel bunkering hub ambitions, palm oil demand in Asia, and carbon market activities ahead of the UN Climate Conference. 1
