| Abundant supplies and a slowed global economy, especially in China, led to a considerable decline in commodity prices. Moreover, the strong dollar and fiscal stimulus withdrawal in the U.S., sanctions against and by Russia, as well as an increase in oil production were also influential. Bulgaria on Air reports.
The slowdown in Chinese demand for milk powder and a good harvest contributed to the drop, particularly in the foods market. The Food and Agriculture Organization's (FAO) cereal price index in August dropped by 11.7 percent, in comparison to last year, and by 1.5 percent compared to July. Wheat and corn prices hit a four-year low. Iron-ore hit a five-year low, sugar is the lowest since 2009 and oil the lowest since June 2012...............................................Full Article: Source
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