As the introductory textbook to economics by Nobel Prize Paul Samuelson, who served several generations of students, including mine, said: “It is easy to teach economics to a parrot. Two words are enough: supply and demand”. These two factors suggest 2023 will be a year of upward trend for most commodity prices.
Last year was marked by shocks and volatility in commodity prices, with two distinct moments. After the sharp rise in the first half, due to the invasion of Ukraine by Russ ...