Plastic water canisters are lined up in long queues outside the pump houses by the side of the road in Emali, Eastern Kenya. Dead stalks of maize stand all along the roadside, victim to a drought that has ruined crops across Makueni County.
What can you do in your business about commodity price volatility? I’ve written recently:
Commodity Prices: Basics for Businesses That Buy, Sell or Use Basic Materials
Commodities Prices: Why Do They Shoot Up And Then Collapse?
Commodity Price Volatility: What Should Producers Do About It?
This article addresses the concerns of businesses that purchase commodities. The price they pay can change sharply, putting the company’s economic viability at risk. Can commodity users hedge away the problem? And if they can, should they?
Fueled by fear over sanctions on Russia and its impacts on the eurozone, the euro slumped to an eight-month low against the U.S. dollar and it slid against the yen on Wednesday. The greenback held steady against several currencies.
The European Union (E.U.) toughened economic sanctions against Russia yesterday as a result of the Malaysian jetliner that was blasted out of the sky above Ukraine late last week. However, the E.U. refrained from imposing trade restrictions on energy, defense, and limiting Russia’s access to credit markets.