CEIC Chart@lert: Commodity Price Changes Forecast for 2014

November 28, 2013 According to the IMF’s World Economic Outlook forecast, most food prices are expected to decrease next year along with prices of other major commodities, including some metals, agricultural raw materials and fuel. Vegetable products will be most affected with maize and rapeseed oil prices expected to go down by 17.7% and 16.6% respectively. A few seafood products, such as fish and fishmeal, are also projected to see double-digit decreases in prices, although shrimp prices are projected to show the strongest upward trend among all commodities in the list. Most of the forecasts of fuel prices show declines, with the exception of natural gas of Louisiana, whose price is predicted to go up 6.85%. Forecast of agricultural raw materials prices show diverging trends, with soft timber prices projected to increase while that of hard timber drops. Metal prices are generally expected to fall, with uranium and iron ore prices likely to contract by 7.55% and 15.5% respectively. Prices of lead, aluminum and zinc on the other hand are expected to rise within 5% during 2014 while that of many other metals are projected to fall by within 5%. Discuss this post and many other topics in our LinkedIn Group (you must be a LinkedIn member to participate). Request a Free Trial Subscription. Back to Blog
28th November 2013 CEIC Chart@lert: Commodity Price Changes Forecast for 2014