By Javier Blas, Commodities Editor, Financial Times
Published: November 29 2010 16:12 | Last updated: November 29 2010 16:12
After rebounding strongly in 2010, the price of commodities is set to remain strong next year supported by strong economic growth in emerging countries, even if developed nations still struggle. The Reuters-Jefferies CRB index, a benchmark index of commodities prices, has risen to a two-year high above 300 points and bankers believe it will remain strong in 2011. The International Monetary Fund says the near-term outlook for commodities is benign given global cyclical conditions. But in a report published this year, the IMF said: “Commodity prices are projected to remain high by historical standards over the medium term, with risks tilted to the upside.”
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