Tensions in the Middle East continue to elevate freight and energy costs, disrupting trade flows and impacting both pricing and availability across several commodity chains. Here's what you need to know: 🏗️Metals & Mining: Logistics constraints are tightening the market. Middle East-origin blast furnace pellets bound for China are largely blocked and high freight costs are pushing up ferrous scrap prices, squeezing margins for Turkish steelmakers. 🚜Agriculture: Rising crude oil prices are lifting oilseed and vegetable oil futures. Soybean and corn futures have firmed up in response to the surge in crude and wheat prices. 🌳Forest Products: Energy-related costs are affecting pricing and output. Poland’s recycled containerboard prices are up due to higher gas prices, while US paper and board production dropped 5.9% in Q1 amid rising input, fuel, and transport costs. Stay up to date with our latest coverage: https://fmrkts.com/4t8fmTF #Fastmarkets #Commodities #Metals #Agriculture #ForestProducts #MiddleEastDaily
