China is currently battling the highest number of daily covid infections since the beginning of the pandemic two years ago.
Back in January, we said in a piece (How omicron could dramatically change commodity demand in China) that “China is now entering a new stage of the pandemic, and the omicron variant poses a serious threat to China’s ability to maintain its zero-Covid policy” and explained the effects this was going to have on agriculture commodity markets.
Given the rapidly changing situat...