The price impact of COVID-19 on commodity markets remains prevalent, despite it being more than a year since various countries announced lockdown restrictions to limit the spread of COVID-19. The impact of these restrictions on commodity markets through panic buying, stockpiling, protectionism, and eventually a significant loss in demand from the foodservice sector have been evident.
But now more than a year on, this report looks at:
- The price impact the lockdown restrictions have had on key commodity markets
- How the food industry has developed new coping strategies
- If companies are finally now re-adjusted to the impact of the 'new normal'.
- And which economies have started easing social controls as well at what this means
The high level of uncertainty caused by this pandemic highlights the crucial need for timely data, for market participants across the food and beverage supply chain to respond adequately, as companies try to contribute their quota in dealing with the challenges posed.