Friday , June 9 2023

Compromise: Commodities market sharply down


Emerging markets and rising financial markets in emerging emerging economies are causing a decline in the commodity market.

Thus, during the review period, the Economic and Social Welfare Society of Central African Economic (CEMAC), the overall index of exports of cereals, declined by 0.3% compared with the second quarter of 2018,

Prices of agri-products (-8.6%), fishery products (-3.8%), forest products (-3.8%), metals and minerals (-1.5%). The price of electricity has fallen by 1.2 per cent as a result of the fall in prices.

These products grew by 1.3% in the third quarter of 2018. In particular, the possibility of restoring US sanctions in Iran and the hope that Venezuelan production will continue to decline. At the end of the third quarter, a barrel of oil was $ 75.4. It was 72.0 dollars at the end of last quarter.

Non-agricultural price index declined 1.2%. Forest products are cheaper (-0.2%) and agricultural products (-0.1%). Increasing distribution and commercial arguments in the background.

After exciting this year, prices of most goods declined by 8.6 percent in the third quarter. This is due to the exports of agricultural products and the decrease in the currencies of agricultural products exporters.

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