CABI Commodity Price Index Introduction

The CABI Commodity Price Index is an indicator of Guatemalan trade terms, composed of both local and international variables.

Monday, April 20, 2009

They take the prices traded on the stock exchange for raw materials that are important to the trade balance and they are weighted based on their importance, according to official data from the Banguat. The most important components are coffee (exports) and oil and derivatives (imports). In total, ten commodities representing 30% of Guatemalan commerce are used.

The Commodity Price Index is a reference to the nominal income of the country because it implies that the price of exports is better than the price of imports when it goes up, or vice versa.

What does it mean for local entrepreneur?
It is a barometer of price risks that indicates the intensity of coverage: When the CABI Commodity Price Index begins downward pressure it is time to implement hedging strategies to protect margins and reduce the impact in case of bankruptcy. This is also of interest to creditors and the banking system because if exchange rates worsen, their income is threatened due to letters of interest and the systemic risk increases.

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More on this topic

Global Food Prices - November 2017

November 2017

With the exception of cereals, all the indexes used in the calculation of the FAO food price index fell in October.

From a statement issued by the World Food Organization:

The FAO Food Price Index* (FFPI) averaged 176.4 points in October 2017, down 2.2 points (1.3 percent) from September.

Commodities Projections for 2018

October 2017

The World Bank projects that the price of a barrel of oil will rise to $56, metal prices will stabilize, gold prices will tend to rise and agricultural prices will increase, due to a decline in supply.

From a report by the World Bank:

WASHINGTON, October 26 - Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U.S. shale oil production, while the surge in metals prices is expected to level off next year, the World Bank said on Thursday.

Global Food Prices - August 2016

September 2016

Except for cereals, in August prices rose for all commodities covered by the FAO food price index, led by dairy, oils and sugar.

From a statement issued by the Food and Agriculture Organization:

 The FAO Food Price Index* (FFPI) averaged 165.6 points in August 2016, up 3 points (1.9 percent) from July and almost 7 percent above the corresponding period last year.

Commodity prices fall

September 2008

There are many explanations for this: signs of intervention by the CFTC, expectations (or reality) of recession, massive liquidation of funds to neutral positions; it could be that none, or all of them, are valid.

For now it is best to list the components of commodities: soft, grains, energy and metals.

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