The global commodity business can get a whole lot more expensive – and dirtier, too. The war- and pandemic-fuelled shortage of raw materials appears poised to fuel what’s already the biggest surge in commodity prices in decades, according to the latest MLIV Pulse survey conducted June 6-10. At the same time, demand for fossil fuels is only expected to rise as Europe seeks to shift away from Russian energy, dashing any immediate hopes that high prices will foster a shift to cleaner renewable sources. A continued rise in prices would add to decades-high inflation worldwide, which is threatening to exacerbate hunger and instability in the developing world and slow growth globally as central ba
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