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World Bank : Online Morning Seminar #104 "Commodity Markets Outlook, April 2021"


World Bank : Online Morning Seminar #104 “Commodity Markets Outlook, April 2021”
04/24/2021 | 12:24am EDT
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The World Bank s Commodity Markets Outlook is published twice a year, in April and October. The report provides detailed market analysis for major commodity groups, including energy, agriculture, fertilizers, metals, and precious metals. Price forecasts to 2030 for 46 commodities are presented, together with historical price data. The report also contains production, consumption, and trade statistics for major commodities. The latest Commodity Markets Outlook was published on April 20, 2021.
At this seminar, John Baffes, Senior Agricultural Economist, Prospects Group, presented the main points of the report.
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World Bank says commodity prices will remain close to current recovery levels - Caribbean Times News, Trinidad news, Jamaica news, Haitian news, Guyana News,


World Bank says commodity prices will remain close to current recovery levels
WASHINGTON– The World Bank Tuesday said that commodity prices continued their recovery in the first quarter of 2021 and are expected to remain close to current levels throughout the year.
In its semi-annual Commodity Markets Outlook, the Washington-based financial institution said that the recovery is “lifted by the global economic rebound and improved growth prospects.”
However, the outlook is heavily dependent on progress in containing the coronavirus (COVID-19) pandemic and policy support measures in advanced economies and production decisions in major commodity producers.
Last week, the International Monetary Fund (IMF) noted that for Caribbean countries, labeled as “commodity exporters,” namely, Guyana, Suriname, and Trinidad and Tobago, economic growth is projected at six percent, up from the 4. 7 percent last year. ....

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