Global Economic Prospects : Commodity Markets Outlook, July 2014
Geopolitical concerns in Iraq and Ukraine/Russia earlier in the year put upward pressure on oil prices during the second quarter. As tensions moderate, oil prices are expected to decline in 2015. Metal prices eased during the 2014Q2 due to supply r...
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World Bank Group, Washington, DC
2014
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| Online Access: | http://hdl.handle.net/10986/20401 |
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okr-10986-204012017-12-14T04:14:09Z Global Economic Prospects : Commodity Markets Outlook, July 2014 Baffes, John AGRICULTURAL COMMODITY AGRICULTURAL COMMODITY MARKETS AGRICULTURAL ECONOMICS AGRICULTURAL MARKETS AGRICULTURAL PRICE AGRICULTURAL PRICES AGRICULTURE AIR-DRY ALUMINUM PRICES AUCTIONS AVAILABILITY AVERAGE PRICE BALANCE BANANAS BEEF MEAT BIRDS BORDER PRICE BRANDS CLIMATE CLIMATE VARIABILITY COAL COCOA PRICES COFFEE PRICES COLLATERAL COMMERCE COMMERCIALIZATION COMMODITIES COMMODITY EXCHANGE COMMODITY MARKETS COMMODITY PRICE COMMODITY PRICES CONSUMER PRICE CONSUMER PRICE INDEX COPPER PRICES COTTON COTTON PRICES CROP PRODUCTION CROPS CRUDE OIL CRUDE OIL CONSUMPTION CRUDE OIL PRICE CRUDE OIL PRODUCTION CRUDE OIL SUPPLIES CRUDE PRODUCTION CUTTING DATA AVAILABILITY DEFICIT REGIONS DEMAND GROWTH DEVELOPING COUNTRIES DIVIDEND DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICES DRILLING ECONOMIC CONDITIONS ECONOMIC GROWTH EFFICIENCY GAINS EFFICIENCY IMPROVEMENTS EMERGING ECONOMIES EMISSIONS ENERGY INFORMATION ADMINISTRATION ENERGY INPUT ENERGY PRICE ENERGY PRICES ENVIRONMENTAL CONCERNS EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXPORT EXPOSURE EXTERNAL MARKETS EXTERNAL PRICE FAIR FARMERS FATS FEDERAL RESERVE FEED FINANCIAL CRISIS FOOD PRICE FOOD PRICES FOOD SECURITY FREE TRADE FREE TRADE AGREEMENT FUEL FUEL PRICES FUTURES FUTURES CONTRACT GAS FIELDS GAS PIPELINES GAS PRODUCTION GAS SUPPLIES GLOBAL ECONOMIC PROSPECTS GLOBAL MARKET GLOBAL MARKETS GOLD PRICES GRAIN GRAIN PRICES GROWTH RATES HEDGE FUND HIGH ENERGY INTENSITY HOME COUNTRIES IMPORTS INCOME INDEXATION INDIVIDUAL MARKETS INFLATION INSTITUTIONAL INVESTORS INTEREST RATES INVENTORIES INVENTORY INVESTMENT VEHICLES LIVESTOCK LNG LOCAL CURRENCIES MARKET ANALYSIS MARKET INTEGRATION MARKET VOLATILITY MEAT NATURAL GAS NATURAL GAS MARKET NATURAL GAS PRICES OIL OIL COMPANIES OIL DEMAND OIL EXPORTS OIL FIELD OIL INFRASTRUCTURE OIL MARKETS OIL OUTPUT OIL PRICES OIL SUPPLY OILS PIPELINE POLICY IMPLICATIONS POLICY MAKERS POTASSIUM PREMIUM PRICE ADJUSTMENT PRICE ADJUSTMENTS PRICE BEHAVIOR PRICE CHANGES PRICE FLUCTUATIONS PRICE FORECAST PRICE FORECASTS PRICE INCREASES PRICE INDEX PRICE INDEXES PRICE INDICES PRICE MOVEMENTS PRICE OF OIL PRICE RISKS PRICE SERIES PRICE SPIKES PRICE VOLATILITY RAPID EXPANSION RAW MATERIAL RAW MATERIALS REFINED PRODUCTS REGIONAL TRADE RICE PRICES RISK PREMIUM SALE SETTLEMENT PRICE SOYBEAN MEAL SOYBEAN OIL SPOT PRICE SPREAD STOCKS SUBSTITUTION SUGAR SULFUR SUPPLIER SUPPLIERS SUPPLY SIDE SURPLUS TRANSACTION TRANSACTION COSTS TROPICAL TIMBER VEHICLES WAREHOUSE WHOLESALE PRICE WHOLESALE PRICES WORLD MARKET WORLD MARKETS WORLD PRICE WORLD PRICES Geopolitical concerns in Iraq and Ukraine/Russia earlier in the year put upward pressure on oil prices during the second quarter. As tensions moderate, oil prices are expected to decline in 2015. 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 decline slightly in 2015. The key commodity price indices have been broadly stable during 2014Q2. Energy and agricultural prices increased 1 percent each, on geopolitical and weather-related concerns, respectively; while metal prices declined 1 percent on signs of Chinese demand weakness. The increase in beverage prices was driven by a rally in coffee prices due to dry weather in Brazil world's largest coffee supplier. Precious metal prices changed little while fertilizer prices declined 6.5 percent due to weakness in natural gas prices. 2014-10-09T14:36:13Z 2014-10-09T14:36:13Z 2014-07 http://hdl.handle.net/10986/20401 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Group, Washington, DC Publications & Research :: Working Paper Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
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AGRICULTURAL COMMODITY AGRICULTURAL COMMODITY MARKETS AGRICULTURAL ECONOMICS AGRICULTURAL MARKETS AGRICULTURAL PRICE AGRICULTURAL PRICES AGRICULTURE AIR-DRY ALUMINUM PRICES AUCTIONS AVAILABILITY AVERAGE PRICE BALANCE BANANAS BEEF MEAT BIRDS BORDER PRICE BRANDS CLIMATE CLIMATE VARIABILITY COAL COCOA PRICES COFFEE PRICES COLLATERAL COMMERCE COMMERCIALIZATION COMMODITIES COMMODITY EXCHANGE COMMODITY MARKETS COMMODITY PRICE COMMODITY PRICES CONSUMER PRICE CONSUMER PRICE INDEX COPPER PRICES COTTON COTTON PRICES CROP PRODUCTION CROPS CRUDE OIL CRUDE OIL CONSUMPTION CRUDE OIL PRICE CRUDE OIL PRODUCTION CRUDE OIL SUPPLIES CRUDE PRODUCTION CUTTING DATA AVAILABILITY DEFICIT REGIONS DEMAND GROWTH DEVELOPING COUNTRIES DIVIDEND DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICES DRILLING ECONOMIC CONDITIONS ECONOMIC GROWTH EFFICIENCY GAINS EFFICIENCY IMPROVEMENTS EMERGING ECONOMIES EMISSIONS ENERGY INFORMATION ADMINISTRATION ENERGY INPUT ENERGY PRICE ENERGY PRICES ENVIRONMENTAL CONCERNS EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXPORT EXPOSURE EXTERNAL MARKETS EXTERNAL PRICE FAIR FARMERS FATS FEDERAL RESERVE FEED FINANCIAL CRISIS FOOD PRICE FOOD PRICES FOOD SECURITY FREE TRADE FREE TRADE AGREEMENT FUEL FUEL PRICES FUTURES FUTURES CONTRACT GAS FIELDS GAS PIPELINES GAS PRODUCTION GAS SUPPLIES GLOBAL ECONOMIC PROSPECTS GLOBAL MARKET GLOBAL MARKETS GOLD PRICES GRAIN GRAIN PRICES GROWTH RATES HEDGE FUND HIGH ENERGY INTENSITY HOME COUNTRIES IMPORTS INCOME INDEXATION INDIVIDUAL MARKETS INFLATION INSTITUTIONAL INVESTORS INTEREST RATES INVENTORIES INVENTORY INVESTMENT VEHICLES LIVESTOCK LNG LOCAL CURRENCIES MARKET ANALYSIS MARKET INTEGRATION MARKET VOLATILITY MEAT NATURAL GAS NATURAL GAS MARKET NATURAL GAS PRICES OIL OIL COMPANIES OIL DEMAND OIL EXPORTS OIL FIELD OIL INFRASTRUCTURE OIL MARKETS OIL OUTPUT OIL PRICES OIL SUPPLY OILS PIPELINE POLICY IMPLICATIONS POLICY MAKERS POTASSIUM PREMIUM PRICE ADJUSTMENT PRICE ADJUSTMENTS PRICE BEHAVIOR PRICE CHANGES PRICE FLUCTUATIONS PRICE FORECAST PRICE FORECASTS PRICE INCREASES PRICE INDEX PRICE INDEXES PRICE INDICES PRICE MOVEMENTS PRICE OF OIL PRICE RISKS PRICE SERIES PRICE SPIKES PRICE VOLATILITY RAPID EXPANSION RAW MATERIAL RAW MATERIALS REFINED PRODUCTS REGIONAL TRADE RICE PRICES RISK PREMIUM SALE SETTLEMENT PRICE SOYBEAN MEAL SOYBEAN OIL SPOT PRICE SPREAD STOCKS SUBSTITUTION SUGAR SULFUR SUPPLIER SUPPLIERS SUPPLY SIDE SURPLUS TRANSACTION TRANSACTION COSTS TROPICAL TIMBER VEHICLES WAREHOUSE WHOLESALE PRICE WHOLESALE PRICES WORLD MARKET WORLD MARKETS WORLD PRICE WORLD PRICES |
| spellingShingle |
AGRICULTURAL COMMODITY AGRICULTURAL COMMODITY MARKETS AGRICULTURAL ECONOMICS AGRICULTURAL MARKETS AGRICULTURAL PRICE AGRICULTURAL PRICES AGRICULTURE AIR-DRY ALUMINUM PRICES AUCTIONS AVAILABILITY AVERAGE PRICE BALANCE BANANAS BEEF MEAT BIRDS BORDER PRICE BRANDS CLIMATE CLIMATE VARIABILITY COAL COCOA PRICES COFFEE PRICES COLLATERAL COMMERCE COMMERCIALIZATION COMMODITIES COMMODITY EXCHANGE COMMODITY MARKETS COMMODITY PRICE COMMODITY PRICES CONSUMER PRICE CONSUMER PRICE INDEX COPPER PRICES COTTON COTTON PRICES CROP PRODUCTION CROPS CRUDE OIL CRUDE OIL CONSUMPTION CRUDE OIL PRICE CRUDE OIL PRODUCTION CRUDE OIL SUPPLIES CRUDE PRODUCTION CUTTING DATA AVAILABILITY DEFICIT REGIONS DEMAND GROWTH DEVELOPING COUNTRIES DIVIDEND DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICES DRILLING ECONOMIC CONDITIONS ECONOMIC GROWTH EFFICIENCY GAINS EFFICIENCY IMPROVEMENTS EMERGING ECONOMIES EMISSIONS ENERGY INFORMATION ADMINISTRATION ENERGY INPUT ENERGY PRICE ENERGY PRICES ENVIRONMENTAL CONCERNS EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXPORT EXPOSURE EXTERNAL MARKETS EXTERNAL PRICE FAIR FARMERS FATS FEDERAL RESERVE FEED FINANCIAL CRISIS FOOD PRICE FOOD PRICES FOOD SECURITY FREE TRADE FREE TRADE AGREEMENT FUEL FUEL PRICES FUTURES FUTURES CONTRACT GAS FIELDS GAS PIPELINES GAS PRODUCTION GAS SUPPLIES GLOBAL ECONOMIC PROSPECTS GLOBAL MARKET GLOBAL MARKETS GOLD PRICES GRAIN GRAIN PRICES GROWTH RATES HEDGE FUND HIGH ENERGY INTENSITY HOME COUNTRIES IMPORTS INCOME INDEXATION INDIVIDUAL MARKETS INFLATION INSTITUTIONAL INVESTORS INTEREST RATES INVENTORIES INVENTORY INVESTMENT VEHICLES LIVESTOCK LNG LOCAL CURRENCIES MARKET ANALYSIS MARKET INTEGRATION MARKET VOLATILITY MEAT NATURAL GAS NATURAL GAS MARKET NATURAL GAS PRICES OIL OIL COMPANIES OIL DEMAND OIL EXPORTS OIL FIELD OIL INFRASTRUCTURE OIL MARKETS OIL OUTPUT OIL PRICES OIL SUPPLY OILS PIPELINE POLICY IMPLICATIONS POLICY MAKERS POTASSIUM PREMIUM PRICE ADJUSTMENT PRICE ADJUSTMENTS PRICE BEHAVIOR PRICE CHANGES PRICE FLUCTUATIONS PRICE FORECAST PRICE FORECASTS PRICE INCREASES PRICE INDEX PRICE INDEXES PRICE INDICES PRICE MOVEMENTS PRICE OF OIL PRICE RISKS PRICE SERIES PRICE SPIKES PRICE VOLATILITY RAPID EXPANSION RAW MATERIAL RAW MATERIALS REFINED PRODUCTS REGIONAL TRADE RICE PRICES RISK PREMIUM SALE SETTLEMENT PRICE SOYBEAN MEAL SOYBEAN OIL SPOT PRICE SPREAD STOCKS SUBSTITUTION SUGAR SULFUR SUPPLIER SUPPLIERS SUPPLY SIDE SURPLUS TRANSACTION TRANSACTION COSTS TROPICAL TIMBER VEHICLES WAREHOUSE WHOLESALE PRICE WHOLESALE PRICES WORLD MARKET WORLD MARKETS WORLD PRICE WORLD PRICES Baffes, John Global Economic Prospects : Commodity Markets Outlook, July 2014 |
| description |
Geopolitical concerns in Iraq and
Ukraine/Russia earlier in the year put upward pressure on
oil prices during the second quarter. As tensions moderate,
oil prices are expected to decline in 2015. 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
decline slightly in 2015. The key commodity price indices
have been broadly stable during 2014Q2. Energy and
agricultural prices increased 1 percent each, on
geopolitical and weather-related concerns, respectively;
while metal prices declined 1 percent on signs of Chinese
demand weakness. The increase in beverage prices was driven
by a rally in coffee prices due to dry weather in Brazil
world's largest coffee supplier. Precious metal prices
changed little while fertilizer prices declined 6.5 percent
due to weakness in natural gas prices. |
| format |
Publications & Research :: Working Paper |
| author |
Baffes, John |
| author_facet |
Baffes, John |
| author_sort |
Baffes, John |
| title |
Global Economic Prospects : Commodity Markets Outlook, July 2014 |
| title_short |
Global Economic Prospects : Commodity Markets Outlook, July 2014 |
| title_full |
Global Economic Prospects : Commodity Markets Outlook, July 2014 |
| title_fullStr |
Global Economic Prospects : Commodity Markets Outlook, July 2014 |
| title_full_unstemmed |
Global Economic Prospects : Commodity Markets Outlook, July 2014 |
| title_sort |
global economic prospects : commodity markets outlook, july 2014 |
| publisher |
World Bank Group, Washington, DC |
| publishDate |
2014 |
| url |
http://hdl.handle.net/10986/20401 |
| _version_ |
1764445230857191424 |