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Commodity prices are going through the roof


Ryzen_renoir

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Wheat, crude oil , Coal, cooking oils , aluminum , gas are closing in all time highs 

The market is expecting total sanctions on all russian goods including oil and gas

Consider buying all necessary items as soon as possible , everything is going to cost a lot more  

 

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If they do ban Russian oil and gas , rich European nations who depend on russian gas/oil will start purchasing supplies meant for poorer countries at higher prices.

It's going to be painful year or two for ordinary indians 

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18 minutes ago, Ryzen_renoir said:

Wheat, crude oil , Coal, cooking oils , aluminum , gas are closing in all time highs 

The market is expecting total sanctions on all russian goods including oil and gas

Consider buying all necessary items as soon as possible , everything is going to cost a lot more  

 

Which roof ?

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52 minutes ago, Ryzen_renoir said:

If they do ban Russian oil and gas , rich European nations who depend on russian gas/oil will start purchasing supplies meant for poorer countries at higher prices.

It's going to be painful year or two for ordinary indians 

Enthati dayamayudivi nuvvu 😭

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The worst is yet to come.Fuel prices are at $110/barrel. 
 

Once the final schedule election is over, there will be gradual hikes in fuel and oil rates for at least 5-6 months. 
 

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By the time new sowing season starts, diesel prices will skyrocket again, naphtha and gas are already at high levels, fertilizer prices may go up by another 50%, essential oils, labor market, pulses, cotton etc everything will become expensive. 
 

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