Weak commodity markets signal long-term easing of prices: World Bank
The Dollar Business Bureau Commodity prices are expected to stay weak for the entire year across the globe with southward movement of crude oil prices and precious metals in the first quarter, a latest report of the World Bank said. Global indices of commodities continued to fall in the first quarter of 2015 from the last quarter of 2014. As compared to the fourth quarter of 2014, the global food prices declined by 7.3%, crude oil 13% and metals 9% during the first three months of the current financial year. The quarterly report on the Commodity Markets Outlook, released on Wednesday, attributed the falling prices to “well-supplied markets” and “subdued demand due to weak global growth”. “Prices are expected ...
