| From Business-standard.com: Last week, global commodity prices recorded their biggest weekly fall in over 50 years. This is not a flash in the pan, as the decline has been accelerating since prices peaked in July; values are down by a third since then, and still falling.
This mirrors the behaviour of international crude oil prices, which are also similarly down from their July peaks. The dramatic drop in the Baltic freight index for shipping rates, to about a third of what it used to be, tells the story very succinctly of the sudden shift in outlook. Indian commodity prices too have been falling, but rupee prices have been cushioned to some extent by the fall of the rupee against the US dollar, by 3 per cent in as many weeks and 16 per cent fall in the last six months..... Full Article: Source
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