2000s commodities boom


2000s commodities boom

The 2000s commodities boom is the rise in many physical commodity prices which occurred during the decade of the 2000s, following the Great Commodities Depression of the 1980s and 1990s, largely due to the rising demand from emerging markets such as the BRIC countries.

2007-2008 commodities bubble?

In February 2008, analyst Gary Dorsch wrote: quote|Commodities have historically been regarded as wildly volatile and risky, but since 2006, crude oil, gold, copper, silver, platinum, cocoa, and grains have soared, hitting record highs, and have trounced returns in the mis-managed G-7 stock markets... A remarkable run-up in prices of wheat, corn, oilseeds, rice, and dairy products, along with sharply higher energy prices, have been blamed on supply shortfalls, strong demand for bio-fuels, and an inflow of $150 billion from investment funds. From a year ago, Chicago wheat futures have soared +120%, corn +20%, and soybeans are +80% higher. Rough rice is up 55%, and platinum touched $2,000 /oz, up 80% from a year ago, while US cocoa futures hit a 24-year high... Fund managers are pouring money into commodities across the board as a hedge against the explosive growth of the world's money supply, and competitive currency devaluations engineered by central banks. [cite web
url=http://www.safehaven.com/article-9471.htm
title=Central Bankers Fueling Global Commodity Inflation
author= Gary Dorsch
publisher=SafeHaven.com
date=14-02-2008
]

See also

*Oil price increases since 2003
*2007–2008 world food price crisis

References

External links

* [http://www.moneyweek.com/file/2719/commodities-supercycle.html We're in a commodities supercycle, says Britain's top fund manager] (10-06-2005)
* [http://www.news.com.au/heraldsun/story/0,21985,23725478-664,00.html Lehman Brothers warns of resources collapse] (20-05-2008)


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