Global Commodity Markets : Review and Price Forecast

A companion to Global Development Finance 2009. The slowing of global growth, which preceded the financial crisis by several months, prompted commodity prices to start falling in mid-2008. The eruption of the full-blown crisis and the rapid drop-off in economic activity since September of that year accelerated this process markedly. Demand for most commodities (notably, in high-income industries and in China) slowed or declined, particularly for oil and metals. By December 2008, crude oil prices had dropped to $41 a barrel, down more than 70 percent from the July peaks, while non-energy prices, including food,had declined by nearly 40 percent. Since December, prices have firmed, with crude oil prices up to $69 on average in June 2009, and prices for foods and metals up 22 and 13 percent, respectively.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	World Bank, Washington, DC 2009-09-01
Subjects:	AGRICULTURAL COMMODITIES, AGRICULTURAL MARKETS, AGRICULTURAL PRICES, AGRICULTURAL PRODUCTS, AGRICULTURE, ALUMINUM PRICES, AUCTIONS, BANANAS, BARLEY, BARRELS PER DAY, BARS, BEEF, BEVERAGES, BIRDS, BORDER PRICE, BRANDS, CANE PRODUCTION, CEREALS, COAL, COCOA, COCOA BEANS, COCOA PRICE, COCONUT, COCONUT OIL, COFFEE, COFFEE PRICES, COMMERCE, COMMODITY, COMMODITY PRICE, COMMODITY PRICE PROJECTIONS, COMMODITY PRICES, COPPER PRICES, COPRA, COTTON, COTTON PRICE, COTTON PRODUCTION, CROP, CRUDE OIL, CRUDE OIL PRICE, DEMAND GROWTH, EDIBLE OILS, ENERGY COSTS, ENERGY EFFICIENCY, ENERGY PRICE, ENERGY PRICES, ETHANOL, ETHANOL INDUSTRY, ETHANOL PLANTS, ETHANOL PRODUCER, ETHANOL PRODUCTION, EXPENDITURES, FARMERS, FATS, FEEDSTOCK, FERTILIZER, FERTILIZERS, FISHERIES, FISHMEAL, FOOD CROPS, FOOD SECURITY, FOOD SUPPLIES, FOODS, FOSSIL, FOSSIL FUELS, FUEL, GOLD PRICES, GRAIN, GRAINS, GROSS DOMESTIC PRODUCT, GROUNDNUT, GROUNDNUT OIL, HARVESTS, HYDRO POWER, HYDROCARBON, INFLATION, INFRASTRUCTURE INVESTMENTS, INVENTORIES, INVENTORY, LNG, MAIZE, MAIZE PRODUCTION, MARKET CONDITIONS, MARKETING, MEAT, NATURAL GAS, NATURAL RUBBER, OIL, OIL COMPANIES, OIL DEMAND, OIL EXPORTERS, OIL OUTPUT, OIL PALM, OIL PRICES, OIL PRODUCERS, OIL PRODUCTION, OIL RIGS, OIL USE, OILS, ORANGES, PALM OIL, PALM OIL PRICES, PETROLEUM, PETROLEUM EXPORTING COUNTRIES, PIPELINE, PLYWOOD, POPULATION GROWTH, POTASSIUM, POWER, POWER PRICES, PRICE FORECAST, PRICE INCREASE, PRICE INCREASES, PRICE INDEX, PRICE INDICES, PRICE PROJECTIONS, PROTEIN, PURCHASING, RAPESEED, RAPESEED OIL, RAW MATERIALS, REFINING, RENEWABLE FUEL, RICE PRICE, RICE PRICES, RICE PRODUCTION, RUBBER PRICES, SALE, SALES, SCRAP, SEEDS, SMELTING, SORGHUM, SOYBEAN, SOYBEAN MEAL, SOYBEAN OIL, SOYBEAN PRICES, SOYBEANS, SPOT PRICE, SPRING, STEEL, STEEL PRODUCTS, STOCKS, SUBSTITUTE, SUGAR, SUGAR CANE, SULFUR, SUPPLIER, SUPPLIERS, SURPLUS, SYNTHETIC RUBBER, TEA, TEA MARKETS, TEA PRICES, THIN MARKET, TOBACCO, TROPICAL TIMBER, VEGETABLE OILS, WFP, WHEAT, WHEAT PRICES, WHEAT TRADE, WHOLESALE PRICE, WIRE, WORLD FOOD PROGRAMME, WORLD MARKET, WORLD OIL CONSUMPTION, YIELDS,
Online Access:	http://documents.worldbank.org/curated/en/2009/09/23887689/global-commodity-markets-review-price-forecast-companion-global-development-finance-2009 https://hdl.handle.net/10986/21550
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