Global growth prospects have deteriorated significantly since the beginning of the year, with commodity markets now pondering the risk of a global recession. The impact could be more severe in a country like ours, where inflation and monetary tightening are combined with an unrelenting energy crisis.
The deterioration of global demand as a result of emerging recessionary conditions and slowing economic growth may result in lower export demand and thus lower agricultural commodity prices. Typically, this results in lower
