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Capuski/E+ via Getty Images Cocoa futures (CC1:COM) plunged more than 13% on Tuesday to $8,327.59 per tonne, extending losses to a second session, ...
The days of energy and other commodities serving as a deflationary force could be nearing an end, the World Bank warned.
World Bank predicts slight decline in commodity prices in 2024-2025, but geopolitical tensions may drive prices up.
The World Bank Commodity Markets Outlook released in April 2024 showed that prices of critical commodities could spike due to ongoing global conflicts.
"The sticky U.S. inflation sparks concerns for 'higher-for-longer' interest rates", leading to a stronger U.S. dollar and putting pressure on commodity prices, independent market analyst Tina Teng ...