With the onset of the COVID19 pandemic and the application of the first measures of social isolation and the closure of non-essential economic activities, the financial market collapsed and the commodities market began a new cycle of price contraction.
The recovery of commodity prices has had two moments. The first was marked by strong injections of liquidity into the markets and low interest rates. The second moment occurred when the upward trend extended beyond the recovery of previous levels throughout 2021.
The effect of rising commodity prices has been a combination of multiple factors. Its behavior, although presented as a short-term trend, may induce inflationary processes in the long term.