Commodity prices in many markets hit bottom in 2016, and 2017 should be a year of recovery. However, the year will not see a return to the highs of the commodities supercycles. Those were the findings of the latest Commodity Price Outlook published by the World Bank. Latin Trade spoke with John Baffes, a Senior Economist with the World Bank’s Development Prospects Group and the manager of the report, on price trends for the most important commodities for the Latin American market this year. Baffes believes oil prices will continue their 2016 rising trend, when they increased by over 10 percent in the fourth quarter. Since the July report, the World Bank has lifted its forecast for an average 2017 […]
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