Publication:
Commodity Markets Outlook, April 2020

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2020-04-20T21:04:12Z
dc.date.available2020-04-20T21:04:12Z
dc.date.issued2020-04-23
dc.description.abstractAlmost all commodity prices saw sharp declines during the past three months as the COVID-19 pandemic worsened. Mitigation measures have significantly reduced transport, causing an unprecedented decline in demand for oil, while weaker economic growth will further reduce overall commodity demand. Crude oil prices are expected to average $35/bbl this year and $42/bbl in 2021—sharp downward revisions from October. Metals prices are projected to drop more than 13 percent in 2020, before recovering in 2021, while food prices are expected to remain broadly stable. The price forecasts are subject to significant risks. A Special Focus looks at the impact of COVID-19 on commodity markets and finds that its effects have already been larger than most previous events and may lead to long-term shifts in global commodity markets. Another section looks at international commodity production agreements and concludes that while the current OPEC arrangement may stabilize oil markets in the short term, it will likely be subject to the same shortcomings of earlier efforts to manage commodity supplies in due course.en
dc.identifierhttp://documents.worldbank.org/curated/en/543311587659880031/Commodity-Markets-Outlook-April-2020
dc.identifier.doi10.1596/33624
dc.identifier.urihttps://hdl.handle.net/10986/33624
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.subjectOPEC
dc.subjectECONOMIC CRISIS
dc.subjectPANDEMIC IMPACT
dc.titleCommodity Markets Outlook, April 2020en
dc.typeSerialen
dc.typeSérielfr
dc.typeSeriales
dspace.entity.typePublication
okr.crossref.titleCommodity Markets Outlook, April 2020
okr.date.disclosure2020-04-23
okr.date.doiregistration2025-04-15T11:15:38.074891Z
okr.doctypePublications & Research
okr.guid543311587659880031
okr.identifier.doi10.1596/33624
okr.identifier.report147940
okr.language.supporteden
okr.topicAgriculture::Agricultural Sector Economics
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
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