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commodities

Uncovering the Connection between Oil and Agricultural Commodity Prices

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In today’s interconnected global economy, the relationship between oil prices and agricultural commodity prices is significant and complex.

Fluctuations in oil prices have far-reaching effects on production costs, consumer prices, and economic stability, impacting the agricultural sector.

The cost of fuel, derived from oil, for farming machinery, transportation, and irrigation plays a crucial role in determining the overall costs of agricultural production. [Read more…] about Uncovering the Connection between Oil and Agricultural Commodity Prices

How has Data Become the World’s Most Valuable Commodity?

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The world is packed full of tangible and valuable commodities, with oil offering a relevant case in point. In fact, global oil reserves equated to a staggering 1.7 billion barrels at the end of 2019, creating a vast marketplace that’s one of the most lucrative in the world.

However, we’re currently seeing an exponential rise in the value of intangible and digital commodities, such as cyber and data. The wider world of cyber could achieve a cumulative market value of $280 billion by 2025, while data is now considered to be the globe’s most valuable and vulnerable resource.

Of course, the level of vulnerability surrounding data continues to increase as the resource grows. But just how much data is being processed today, and where does this rank amongst the 10 most traded commodities in the world. [Read more…] about How has Data Become the World’s Most Valuable Commodity?