Commodity

Bulgarians consume nearly 7 kg of fish per year, and this is the lowest amount compared to other European countries. This became clear during a discussion organized by the Association "For Affordable and Quality Food" and the Association of Fishery Products Producers.

It is expected that the demand and quality of fish products in Bulgaria will grow in the future.

The World Bank predicts the strongest price crisis in 2022 since the 1970s due to jumps in the price of energy, metals and food. This is stated in the new Commodity Market Outlook.

Experts from the World Bank predict a 50% increase in energy prices in 2022, and other goods - by 20%.

Food prices in Bulgaria are the highest for the last 5 years. Prices of most products have risen to a record high during the pandemic, data from the State Commission on Commodity Exchanges and Markets show.

The Union of Chambers and Commodity Exchanges of Turkey (TOBB) is set to present a report on ways to curb rising food prices to the authorities, an executive of the union has said.

The demand for certain commodities on the market has risen sharply - justifiably, when it comes to items of personal hygiene, or unjustifiably, when it comes to food with a long shelf life.
But this is not genuine consumer demand in normal circumstances. It would be criminal if some took advantage of the public's fear. 

Brazil's Petrobras found suspicious activity in its oil trading business - and failed to stop it - six years before an alleged bribery scandal erupted in that unit in 2018, according to three people with knowledge of the situation and documents seen by Reuters.

Consumers and employment in Greece have enjoyed considerable benefits from the opening up of commodity markets implemented since 2010 (in the context of the bailout programs and the recommendations of the Organization for Economic Cooperation and Development), according to a study by the Center of Planning and Economic Research (KEPE).

Turkey's new sovereign wealth fund is more akin to a national development bank, with its design suggesting an effort to create a funding vehicle by leveraging up assets, S&P analyst Frank Gill said on Feb. 10.

Prime Minister Ahmet Davuto?lu has vowed Turkey will soon launch a specialized commodity exchange, adding that the warehousing responsibilities of Turkey's Grain Office (TMO) would be transferred to the private sector gradually and the office would play a watchdog role in regulating prices. 

U.S. Federal Reserve Chair Janet Yellen said Feb. 10 that China's unclear policy over its yuan currency was stoking turbulence in global markets and exacerbating global economic growth concerns.

The yuan's recent declines "have intensified uncertainty about China's exchange rate policy and the prospects for its economy," she said in testimony to Congress.