GRU News and Press, AB Svensk Ekportkredit ELEMENTS Linked to the MLCX Grains Index - Total Return From 07/26/22

After a blistering start to the year amid strong demand and major supply constraints, fertilizer prices ran out of steam in Q2. However, it was not long before rebounds occurred. With fertilizer supply a matter of food security and economic stability, governments across the world have...

Two opposing forces appear to be dominating the market currently, with investors polarized between recession fears and bargain hunting following this year’s large equity selloff. Investors priced in most central bank tightening and seem more confident with the inflation outlook...

Commodities had a sharp pullback in the month of June. The industrial metals sector led the decline, falling 14% in the month of June. Near-term markets are adjusting to slower global growth expectations and fears over the demand outlook. Commodities took a dip in June, ...

Recession fears and an accelerated Federal Reserve interest rate hiking trajectory weighed on markets during the second quarter, resulting in the weakest first half performance since 1970. The short end of the yield curve increased dramatically during Q2, with policy interest rates st...

If higher prices, which have now broadened, are allowed to persist, they can become sticky. A wage-price spiral, where rising wages beget rising prices, which cause further pressure on wages, certainly could allow inflation to be a challenge for longer than expected. In general, tradi...

Food price inflation in May reaches 10.1% in the US, 8.9% in the Eurozone. Eurozone sees higher inflation rates for wheat, fats and oils, commodities affected by the war in Ukraine. Central bank actions show early signs of tempering inflation in the US, but the global picture rema...

It really feels that the energy transition is accelerating faster than ever, of course driven by the move higher in global natural gas and power prices. There have been a lot of newer innovations in terms of what we’re doing with solar cells and the ability to boost that output...

We expect elevated inflation to continue into 2023 due to the lagged impact of food supply disruption and elevated energy costs. Should a recession occur, its scale is likely to be limited by the reduced number of negative feedback loops. Consumers enter this slowdown with a large...

The Ukrainian supply chain issue will remain the main upside risk to food inflation in the coming months. Recent news about silos on the borders with Ukraine to use inland transportation more efficiently is gaining more attention now. The grain volume during the Black Sea grain se...

Many people globally continue to face the existential challenges of hunger and war, and we all face the consequences of climate change. The United Nations World Food Programme is currently feeding no less than 115 million people displaced by war, famine and drought—and it forec...