Coronavirus tanked global markets, but for grain producers like Russia, the pain was eased by a surge in prices. More bad news is on the horizon, however, as virus-induced labor shortages threaten the fruit and vegetable supply.
The Covid-19 pandemic caused a worldwide economic slowdown, sending the prices of oil and many other commodities into free fall. Grain prices went sharply against this trend, surging in the second half of March and prompting observations in Russia that carbohydrates were becoming more valuable than hydrocarbons.
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