ABIDJAN ¨C Djeneba Belem¡¯s fried bean cake stall in Abidjan is a world away from the war raging in Ukraine. But her business is now at the mercy of an unexpected consequence: runaway palm oil prices.
¡°I didn¡¯t even want to sell anymore because I thought, if the price of oil had gone up that much, what am I going to earn?¡± she said as she stirred a batch of cakes at her street-side stall in Ivory Coast¡¯s lagoon-side commercial capital.
Neither Russia nor Ukraine produces palm oil, a tropical commodity, but Moscow¡¯s invasion has triggered knock-on effects across today¡¯s intricately interconnected global economy.
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