Impact of war on global prices Commodity prices have soared since Russia invaded Ukraine. Russia is the world’s largest exporter of natural gas, second-largest oil exporter, and third-largest coal exporter Ukraine’s Black Sea ports accounted for 60% of global exports of sunflower oil before closure Price change 00% March 2021 US$ March 2022 US$ Coal 65.50/tonne 437.00 567.2% Fertiliser 390.00/tonne 900.00 130.8% Wheat 179.00/tonne 406.75 127.2% Palm oil 883.01/tonne 118.0%. 1,925 Crude oil 65.81/barrel 111.4% 139.13 Natural gas 2.61/MBtu* 97.2% 5.15 Aluminium 2,183/tonne 82.5% 3,984.50 Palladium 48.3% 2,296.44/oz 3,404.71 Cobalt 44.4% 52,488/tonne 75,800 Copper 21.6% 4.03/lb 4.90 *Million British thermal units Sources: ICIS, Financial Times, Trading economics Picture: Getty Images © GRAPHIC NEWS