Oil prices surged over US$105 per barrel and investors sold stocks and cryptocurrencies in a flight to safety unleashed by Russia's invasion of Ukraine.
Covid-19, a lack of profitability and cashflow issues are reasons Pricewise folded.
The S&P/NZX 50 Index fell 400 points in its biggest fall since the covid crash in 2020.
The agribusiness group warns the year ahead is still marked by significant uncertainty.