Commodities: Prices to Rise in 2017

It is anticipated that international metal prices will rise by 11% due to a reduction in supply and a slight increase is projected in the prices of agricultural commodities.

Thursday, January 26, 2017

From a report by the World Bank, "Commodity Markets Outlook":

Prices for most industrial commodities continued to rise in the fourth quarter from their lows in early 2016, while most agricultural prices declined. Crude oil prices are forecast to rise to $55 per barrel in 2017 from $43/bbl in 2016 following agreements among some Organization of the Petroleum Exporting Countries (OPEC) producers and non-OPEC producers to limit output in the first half of 2017.

Metals prices are projected to rise 11 percent as a result of supply constraints, including large lead and zinc mine closures. Agricultural commodities prices are anticipated to rise slightly in 2017, with increases in oils and meals and raw materials, offset by declines in grains following favorable weather conditions in Europe, North America, and Central Asia.

This edition of Commodity Markets Outlook analyzes the recent investment weakness in commodity-exporting emerging market and developing economies (EMDEs) and concludes that the deceleration reflects elevated uncertainty, deteriorated terms of trade, and increased private debt burdens.

Read full report "Commodity Markets Outlook".

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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.

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