Publication:
Commodity Markets Outlook, October 2020

Simple item page
dc.contributor.authorWorld Bank Group
dc.date.accessioned2020-10-14T15:31:43Z
dc.date.available2020-10-14T15:31:43Z
dc.date.issued2020-10-22
dc.description.abstractAlmost all commodity prices recovered in the third quarter of 2020 following steep declines earlier in the year. Crude oil prices have doubled since April in response to supply cuts but remain much lower than their pre-pandemic levels. Metal prices recovered rapidly due to supply disruptions and a faster-than-expected pickup in China’s industrial activity. Some food prices have also risen amid production shortfalls in edible oils. Oil prices are expected to average $44/bbl in 2021, up from an estimated $41/bbl in 2020. Metal and agricultural prices are projected to see modest gains of 2 percent and 1 percent, respectively, in 2021. A Special Focus looks at the nature of shocks on 27 commodity prices during 1970-2019. It finds that highly persistent (“permanent”) and short-lived (“transitory”) shocks have contributed almost equally to commodity price variation, although with wide heterogeneity across commodities. Permanent shocks account for most of agricultural commodity price variability while transitory shocks are more relevant in industrial commodity prices.
dc.identifierhttps://documents.worldbank.org/en/publication/documents-reports/documentdetail/815111603466310201/persistence-of-commodity-shocks
dc.identifier.doi10.1596/34621
dc.identifier.urihttps://hdl.handle.net/10986/34621
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCOMMODITY PRICES
dc.subjectECONOMIC OUTLOOK
dc.subjectENERGY
dc.subjectAGRICULTURE
dc.subjectMETALS
dc.subjectPRECIOUS METALS
dc.subjectMINERALS
dc.subjectPRICE SERIES
dc.subjectPRICE FORECASTS
dc.subjectPRICE INDICES
dc.subjectOIL PRICES
dc.subjectFOOD PRICES
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectOPEC
dc.subjectECONOMIC CRISIS
dc.titleCommodity Markets Outlook, October 2020en
dc.typeSerialen
dc.typeSérielfr
dc.typeSeriales
dspace.entity.typePublication
okr.crossref.titleCommodity Markets Outlook, October 2020
okr.date.disclosure2020-10-22
okr.date.doiregistration2025-04-15T10:58:56.697461Z
okr.doctypePublications & Research
okr.guid815111603466310201
okr.identifier.doi10.1596/34621
okr.identifier.report153839
okr.language.supporteden
okr.topicAgriculture::Food Markets
okr.topicEnergy::Energy Markets
okr.topicEnergy::Oil & Gas
okr.topicMacroeconomics and Economic Growth::Commodities
okr.topicMacroeconomics and Economic Growth::Economic Conditions and Volatility
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.unitProspects Group
Files
Original bundle
Now showing 1 - 4 of 4
Thumbnail Image
Name:
CMO-October-2020.pdf
Size:
7.73 MB
Format:
Adobe Portable Document Format
Description:
English PDF
Download
No Thumbnail Available
Name:
CMO-October-2020-Data-Supplement.zip
Size:
2.38 MB
Format:
Unknown data format
Description:
Data supplement
Download
No Thumbnail Available
Name:
CMO-Historical-Data-Annual.xlsx
Size:
5.39 MB
Format:
Microsoft Excel XML
Description:
Annual data
Download
No Thumbnail Available
Name:
CMO-Historical-Data-Monthly.xlsx
Size:
750.13 KB
Format:
Microsoft Excel XML
Description:
Monthly data
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Global Economic Prospects