31.01.2011 - The commodity cycle will stay up in 2011
From Business-standard.com: The commodity cycle in 2010 has been interesting, defying as it does movements in fundamentals at times. Prices have tended to increase over the year across all categories at a time when the world economy is just about recovering — the International Monetary Fund (IMF) projects developed countries to grow by 2.7 per cent in 2010 and emerging markets by 7.1 per cent to bring a cumulative growth of 4.8 per cent for the global economy. Two issues flow from this. One, if the present increase is being brought about by emerging markets, then when the developed economies grow, there will be a further strain on prices. Two, even farm products have shown an increase in prices when there was no apparent crop failure...........................................Full Article: Source
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