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Commodity Markets Outlook, January 2014

  Author: John Baffes, Damir Ćosić
 January, 2014
  Price: 0.00


With the exception of energy, all the key commodity price indices declined significantly in 2013. Fertilizer prices led the decline, down 17.4 percent from 2012, followed by precious metals (Down almost 17 percent), agriculture (-7.2 percent), and metals (-5.5 percent). Crude oil prices (World Bank average), which have been remarkably stable during the past three years, averaged $104/barrel (bbl) during 2013, marginally lower than the $105/bbl average of 2012. Most non-energy commodity prices, notably grains, followed a downward path during 2013.


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