On February 24, international oil prices rose sharply, and Brent crude oil exceeded $100 for the first time since 2014.

Taokin also said that Russia and Ukraine are also important food exporters in the world. Global wheat production in 2021 is 776 million tons and exports are 207 million tons. Among them, Russia and Ukraine account for 14% of the world's wheat production, and the two countries' wheat exports account for 28.5% of the world's wheat exports. The tension between Russia and Ukraine has led to a sharp rise in global wheat prices.

The same is true for gold. Cathay Pacific Fund analysts believe that since February, the price of gold has experienced a round of upward movement against the backdrop of soaring inflation in the United States and the fermenting conflict between Russia and Ukraine. Although the Fed's interest rate hike expectations have also risen simultaneously during this period, the price of gold has basically been expected in advance, and the fundamental push for tightening expectations is that inflation continues to rise to historical highs. The risk aversion caused by the ongoing tense situation in Russia and Ukraine has also formed an important supporting role for gold in the short term.

Lead to rising raw material prices, remain high. Directly affects curtain exporters and curtain consumers.

Please contact me to learn more:

Sales: Grace Lin

Guangzhou J.S.L Technology co., Ltd

Email: jslwxseven@jsl-blinds.com

Wechat: m8866ok

Cell/WhatsApp: 0086 13922497973