Global Economic Prospects 2015

The global economy is still struggling to gain momentum. Read more ...

Development Prospects

Providing information, analysis, and advice on global trends in the world economy.  Find out more ...

Global Economic Monitor

Now free. Daily and monthly updates on global economic developments and relevant topical issues. Find out more ...

Syndicate content

Commodity Markets Outlook July 2014

John Baffes's picture
The World Bank just published the Commodity Market Outlook report for the second quarter of 2014.

Geopolitical concerns in Iraq and Ukraine/Russia earlier in the year put upward pressure on oil prices during the second quarter. Yet, as tensions moderate, oil prices are expected to ease to $104/barrel in 2015 from $106/barrel in 2014.
Metal prices eased during the 2014Q2 due to supply response from earlier investments and weakening demand, especially by China. Weather concerns (often linked to likely El Niño) induced price increases in some grains earlier in the year but recently prices have weakened as supplies for the upcoming, 2014/15, season are deemed adequate to keep stocks at reasonable levels. Agricultural prices are expected to ease in 2014 and 2015.
Price volatility for virtually all internationally traded commodities, which reached historical highs during the 2008/09 financial crisis, has returned to historical norms.
Download the report here and the price forecasts here.

View the high-resolution infographic

Add new comment