Primary Commodities May 1987

This paper provides an analysis of recent developments relating to the major nonfuel primary commodities entering international trade. Particular attention is given to market price movements in 1986 and to the factors underlying these movements. In the case of some agricultural markets, changes in c...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1987
Series:World Economic and Financial Surveys
Subjects:
Oil
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Primary Commodities  |b May 1987 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1987 
300 |a 100 pages 
651 4 |a United States 
653 |a Wealth 
653 |a Institutional Investors 
653 |a Stocks 
653 |a Pension Funds 
653 |a Farm produce 
653 |a Oil 
653 |a Investments: Energy 
653 |a Financial institutions 
653 |a Saving 
653 |a Financial Instruments 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a International economics 
653 |a Agriculture: General 
653 |a Petroleum industry and trade 
653 |a National accounts 
653 |a Investments: Commodities 
653 |a Commodities 
653 |a Energy: General 
653 |a Non-bank Financial Institutions 
653 |a Consumption; Economics 
653 |a International trade 
653 |a Exports 
653 |a Investments: Stocks 
653 |a Consumption 
653 |a Prices 
653 |a Macroeconomics 
653 |a Commodity prices 
653 |a Macroeconomics: Consumption 
653 |a Agricultural commodities 
653 |a Investment & securities 
653 |a Commodity Markets 
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490 0 |a World Economic and Financial Surveys 
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520 |a This paper provides an analysis of recent developments relating to the major nonfuel primary commodities entering international trade. Particular attention is given to market price movements in 1986 and to the factors underlying these movements. In the case of some agricultural markets, changes in commodity-specific policies of industrial countries have also had the effect of increasing supplies and competition for markets. The other factors, including rates of inflation, exchange rate changes, and interest rates, have also influenced commodity prices, at least when measured in nominal dollar terms. The evolution of economic activity in the industrial countries is most relevant in explaining movements in prices of metals and other raw materials used in industry, while movements in prices of food and beverages are better explained by supply factors. Changes in production capacity resulting from investment decisions made in earlier years can have an important influence on commodity prices