From biscuits to fuel, Ukraine war driving up prices of everything

The Ukraine crisis has led to a rally in commodity prices. Consumer goods companies, hit with high input costs, are now passing on the price rise to customers. Will there be more price rise in FMCG?

In tatters due to prolonged pandemic, the global supply chain was recovering when Russia struck Ukraine with all its might.

Last week, the 145-year-old London Metal Exchange was forced to suspend nickel trading and cancel trades after prices doubled overnight to $100,000 a tonne amid a market panic triggered by Russia’s actions. The exchange described the current events as unprecedented.

Russia accounts for 10% of global nickel supply, 6% of the…read more