A Shock Like No Other: Coronavirus Rattles Commodity Markets

STORY HIGHLIGHTS Commodity-Markets-Outlook-April-2020

  • The coronavirus (COVID-19) pandemic has impacted both demand for and supply of commodities: direct effects from shutdowns and disruptions to supply chains, indirect effects as economic growth stalls. Effects have already been dramatic, particularly for commodities related to transportation.
  • Oil prices have plunged and demand is expected to fall by an unprecedented amount in 2020.
  • While most food markets are well supplied, concerns about food security have risen as countries announce trade restrictions and engage in excess buying.

Continue reading