Tag: global commodities market
The World Bank says both the demand and supply of side of the global commodities market has been affected by the COVID-19 pandemic. Independent Commodities Expert, Edward George joins CNBC Africa for a look at what to expect from the soft commodities markets in the second half of the year.
The World Bank says agricultural prices are expected to fall 2.6 per cent this year on average, amid ample stocks but foresees a 1.7 per cent rise in 2020 on expected cuts in U.S. crop plantings and higher costs of energy and fertilizers. For a focus on the global commodities market, Damilola Akinbami, Head of Research at Financial Derivatives joins CNBC Africa for more.