Easing prices in 2013
Most commodity prices are expected to ease marginally in 2013. The forecast presented in this report indicates that crude oil will average US$102/bbl in 2013, just 3 percent lower than in 2012. Agricultural commodity prices are also forecast to decline: food by 3.2 percent, beverages by 4.7 percent, and raw materials by 2.2 percent. Metal prices are expected to rise slightly but still average 14 percent lower than in 2011. Fertilizer prices are set to decline 2.9 percent, while precious metal prices will increase almost 2 percent.
- Market Outlook 2013 – Thoughts of a Professional Investor (safehaven.com)
- 2013 Commodity Forecasting: Cost and Supply Management Intersections (spendmatters.com)
- World Bank Issues Commodities Outlook (247wallst.com)