The global commodity supply disruptions could intensify over the year due to the Ukraine war and the Western price cap on Russian oil, the economic survey has said while warning that a return to normalcy from Covid in China could reverse the recent slump in commodity prices.
“Supply disruptions could intensify over the coming year, as the war in Ukraine will lower global production of wheat, maize and fertilisers, while price caps on Russian oil and gas may reduce the supply of these products,” the survey said.
