Michael Kassner, Susanna Palmer, Bank Of Russia discussed on Balance of Power


Michael kassner And I'm Susanna Palmer in the Bloomberg newsroom No trading for the Russian stock exchange until at least the end of next week The bank of Russia extended a halt to stock trading on the Moscow exchange through at least march 18th The exchange has been closed since February 25th in one of the longest ever shutdowns for a market of the size of Russia's Fertilizer prices continue to surge this as supply upheaval from Russia leaves governments struggling to secure vital crop nutrients We get the story on that from Bloomberg's Charlie pellet It adds to concerns that record global food inflation will accelerate The green markets North American fertilizer index was up 16% Friday to a record prices for the widely used nutrient urea in New Orleans sword 22% also reaching a record and an index for potash in Brazil rocketed a record 34% Russia is a huge low cost exporter of every major kind of crop nutrient Charlie pallett Bloomberg radio Commodities are soaring as we've been saying And oil of course is among them Darwin Kung is portfolio manager and head of commodities at DWS investment management We do see the commodity oil price to be one 30 should the Russian barrels be displaced and not able to come back The latest report we've seen has about 10% of the Russian production about 700,000 barrels that's been rejected not been delivered in the current a month My next crude was last quoted at one O 9 33 a barrel The boys of summer are back but what about the girls of summer The Major League Baseball lockout had barely ended Thursday when mayor Eric Adams brought up equality in the sport The mayor applauded the end of the labor dispute before making a public pitch for women to play in the majors Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Suzanne Palmer This is Bloomberg Your listening to balance and power with David Westin on Bloomberg radio China could play a key role in resolving the crisis in Ukraine if it.

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