March was filled with uncertainties for investors. The Russia-Ukraine war, high energy prices, a jump in inflation and new peaks in Covid-19 cases worldwide all buffeted markets.
The war between Russia and Ukraine has yet to let up. The global impact has been longer and more intense than most expected, most notably with higher fuel costs. This upswing has now started to affect fertiliser and wheat, including feed prices.
With the jump in costs, inflation has taken another leg up. In Thailand, headline inflation hit a 13-year high at 5.3% in February and rose to 5.7% in March, with consumers starting to seriously feel the pinch.
On the Covid front, confirmed daily cases in Thailand have been running between 20,000 and 25,000 but most are very mild.
Worldwide, there has been a steady decline in cases, while death rates just 25% of what they were a few months…
