2022 is a year that trading houses are unlikely to forget. In just 12 months the commodity trading sector faced tectonic changes which happened at an unusual and rapid pace. Here are five key reasons why.
First there was the end of Covid restrictions in developed economies. This triggered strong demand for commodities at a time when China was still locked down. Thankfully, Beijing eventually put an end to its zero-Covid policy, but that was not the end of global supply chain disruptions.
Second was the Russian aggression against Ukraine, which sparked a major energy crisis in Europe…