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Global demand for coal is on the rise while prices for thermal coal and metallurgical coal have climbed dramatically over the last year. As some countries have ramped up coal production, others are looking for greener alternatives.
Trade disruptions stemming from the war in Ukraine, in addition to extreme heat in recent years, are contributing factors for current global food scarcity. The reduction in food output has led to rising food costs across the globe.
Companies and consumers are having to face surging prices for fuel, food, and other commodities as inflation rises to its highest level in decades.