By invading Ukraine on February 24, 2022, Vladimir Putin's Russia created a real earthquake on world agricultural markets a little over a year ago. The conflict between the first and fifth largest exporters of wheat, and two heavyweights of maize and sunflower oil, has caused cereal prices to panic. Until we see soft wheat prices soar by 80% in 2022 and those of corn by 40%. If the establishment of a grain logistics corridor in the Black Sea last July - just renewed - has lowered the pressure a notch, the time is still far from a return to normal, according to the 2022 edition of the CyclOpe report unveiled on Tuesday*.
"The situation remains that of a deep crisis, like that of the 1970s when the markets are the simple sounding board of a change of model, agricultural and energy, details the Figaro Philippe Chalmin, who co-directs the writing of this annual bible of raw materials. If each market has its own story...
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