Publication:
Global Commodity Markets: Review and Price Forecast

dc.contributor.authorWorld Bank
dc.date.accessioned2017-08-15T18:53:59Z
dc.date.available2017-08-15T18:53:59Z
dc.date.issued2010
dc.description.abstractThis is a companion to the Global Economic Prospects 2010. Most commodity prices reached historical highs in mid-2008, giving rise to the longest and broadest commodity boom of the post-WWII period. Apart from strong and sustained economic growth, the boom was fueled by numerous factors including years of low prices and low investment; a weak dollar; and investment fund activity. Rapid economic growth caused global stocks of many commodities to fall to levels not seen since the early 1970s, in turn accelerating the price increases that peaked in 2008. Further exacerbating the demand and supply mismatch were the diversion of some food commodities to the production of biofuels, adverse weather conditions, and government policies such as export bans and prohibitive taxes. The financial crisis that erupted in September 2008 and the subsequent global economic downturn relieved most of the demand-side pressures and induced sharp price declines across most commodity sectors. The largest declines occurred in industrial commodities such as metals (which had also registered the greatest gains in the early 2000s). Between July 2008 and February 2009, prices of energy declined by two-thirds while those of metals dropped by more than half. Prices of agricultural goods retreated by more than 30 percent, with prices of edible oils dropping by 42 percent. The troughs in energy and non-energy indices broadly coincided with troughs in global economic activity (particularly in China and East Asia).en
dc.identifierhttp://documents.worldbank.org/curated/en/447481468326171884/Global-commodity-markets-review-and-price-forecast-a-companion-to-global-economic-prospects-2010
dc.identifier.doi10.1596/27846
dc.identifier.urihttps://hdl.handle.net/10986/27846
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTING
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectAGRICULTURAL PRICES
dc.subjectALUMINUM PRICES
dc.subjectAUCTION
dc.subjectAVAILABILITY
dc.subjectBALANCE
dc.subjectBANK INDONESIA
dc.subjectBARRELS OF OIL
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGES
dc.subjectCOAL
dc.subjectCOCOA PRICES
dc.subjectCOFFEE PRICES
dc.subjectCOMMODITY MARKETS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCOPPER PRICE
dc.subjectCOPPER PRICES
dc.subjectCOTTON PRICES
dc.subjectCRUDE OIL
dc.subjectCRUDE OIL CONSUMPTION
dc.subjectCRUDE OIL PRICE
dc.subjectCRUDE OIL STOCKS
dc.subjectCURRENT PRICES
dc.subjectDEMAND GROWTH
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC RECOVERY
dc.subjectEFFICIENCY GAINS
dc.subjectENERGY COSTS
dc.subjectENERGY PRICE
dc.subjectENERGY PRICES
dc.subjectENERGY PRODUCTS
dc.subjectENERGY SOURCES
dc.subjectETHANOL
dc.subjectETHANOL INDUSTRY
dc.subjectETHANOL PRODUCER
dc.subjectETHANOL PRODUCTION
dc.subjectEXPORT VOLUMES
dc.subjectFEEDSTOCK
dc.subjectFEEDSTOCK FOR ETHANOL
dc.subjectFINANCIAL CRISIS
dc.subjectFORWARD MARKETS
dc.subjectGAS PRODUCTION
dc.subjectGLOBAL RECESSION
dc.subjectGOLD PRICE
dc.subjectGOLD PRICES
dc.subjectHIGHER ENERGY PRICES
dc.subjectIDLE CAPACITY
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINVENTORIES
dc.subjectINVENTORY
dc.subjectMANDATES
dc.subjectNATURAL GAS
dc.subjectNATURAL GAS PRICES
dc.subjectNOMINAL PRICES
dc.subjectNUCLEAR POWER
dc.subjectOIL
dc.subjectOIL CONSUMPTION
dc.subjectOIL DEMAND
dc.subjectOIL OUTPUT
dc.subjectOIL PRICE
dc.subjectOIL PRICES
dc.subjectOIL PRODUCERS
dc.subjectOIL PRODUCTS
dc.subjectOIL SUPPLY
dc.subjectOIL USE
dc.subjectOILS
dc.subjectPETROLEUM
dc.subjectPETROLEUM PRICES
dc.subjectPOWER DEMAND
dc.subjectPOWER PRICES
dc.subjectPRELIMINARY ESTIMATES
dc.subjectPRICE FORECAST
dc.subjectPRICE INCREASE
dc.subjectPRICE INCREASES
dc.subjectPRICE INDICES
dc.subjectPRICE LEVELS
dc.subjectPRICE PROJECTIONS
dc.subjectPRICES OF ENERGY
dc.subjectPRODUCTIVITY
dc.subjectPURCHASING
dc.subjectRAW MATERIAL
dc.subjectRAW MATERIALS
dc.subjectREAL PRICES
dc.subjectRESERVE BANK OF INDIA
dc.subjectSALES
dc.subjectSOYBEAN OIL
dc.subjectSPOT MARKETS
dc.subjectSTABLE PRICES
dc.subjectSTOCKS
dc.subjectSUBSIDIARY
dc.subjectSUBSTITUTE
dc.subjectSUBSTITUTION
dc.subjectSUGARCANE
dc.subjectSUGARCANE PRODUCTION
dc.subjectSUPPLIERS
dc.subjectSUPPLY SIDE
dc.subjectSURPLUS
dc.subjectSURPLUSES
dc.subjectSYNTHETIC RUBBER
dc.subjectTRANSPORT
dc.subjectURBANIZATION
dc.subjectVOLATILITY
dc.subjectWORLD CONSUMPTION
dc.subjectWORLD MARKET
dc.titleGlobal Commodity Marketsen
dc.title.subtitleReview and Price Forecasten
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleGlobal Commodity Markets
okr.date.disclosure2013-05-20
okr.date.doiregistration2025-05-05T11:45:15.486730Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/447481468326171884/Global-commodity-markets-review-and-price-forecast-a-companion-to-global-economic-prospects-2010
okr.guid447481468326171884
okr.identifier.externaldocumentum000333037_20130520124410
okr.identifier.internaldocumentum17731888
okr.identifier.report77782
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/447481468326171884/pdf/777820WP0Box37000GDF0Jan20100GEPweb.pdfen
okr.topicEnergy::Energy Production and Transportation
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicMacroeconomics and Economic Growth::Commodities
okr.topicMacroeconomics and Economic Growth::Economic Conditions and Volatility
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.unitDevelopment Prospects Group (DECPG)
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