The year of commodities fallen

Last year not only prices of oil have fallen, but also for other commodities. For example, iron ore & rubber prices decreased more than 30%, Coal, Soybeans, Rapeseed & Palm oil about 20-25%. Common reasons that explain the fall of commodity prices include the rise of the USD (due to rising interest rate expectations), the economic slowdown in China, cost cuts induced by a fall in fuel price. But some foods, like beef, chicken meat and coffee showed significant uptrend. Also, some grain prices were rising, especially by the end of the year. Apparently, commodity markets are influenced by their own factors (such as harvest, shipping and warehousing situation, local export bans or changes in taxation etc.) and not only macroeconomic ones.

Explore the last and historical trends in various world commodity prices with Knoema viz gadgets and newly updated World Bank Commodity Price Dataset.