The increase in oil prices increases the price of agricultural products
Cereal prices may increase significantly, or at least the recently seen rise in oil prices forecasts this trend – portfolio.hu wrote.
In the former agricultural inflationary cycles the oil price rise preceded the increase in grain prices by about half a year. The oil is now rising of over 30 percent a year / year basis and the increase in the price of agricultural products has also begun. (portfolio.hu, Seeking Alpha)
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