Title: Commodity price shocks - Wikipedia
Headings: Commodity price shocks
Commodity price shocks
Contents
Post-Napoleonic Irish grain price and land use shocks (1815–1816)
1971–1973
2000s decade
Second half of 2014
2020
See also
External links
References

Content: The 2007–08 world food price crisis saw corn, wheat, and rice go up by a factor of three when measured in US dollars. Second half of 2014
The chart shows the major factors influencing the fall in global commodity prices in the second half of 2014 (Saggu and Anukoonwattaka, 2015). Global commodity prices fell 38% between June 2014 and February 2015. Demand and supply conditions led to lower price expectations for all nine of the World Bank's commodity price indices - an extremely rare occurrence. The commodity price shock in the second half of 2014 cannot be attributed to any single factor or defining event. It was caused by a host of industry-specific, macroeconomic and financial factors which came together to cause the simultaneous large drops across many different commodity classes. Amongst these, the transition of China's economy to more sustainable levels of growth and the shale-energy boom in the United States were the dominant demand-side and supply-side factors governing the downturn in global commodity prices. 2020
On April 20, 2020, WTI's May contract closed at -$37.63/barrel while the June contract closed at positive $20.43/barrel. The main cause is due to the ongoing COVID-19 pandemic which has reduced demand along with storage issues and the expiration of the May contract the following day. See also
Shock (economics)
2000s commodities boom
External links
"Asia-Pacific Trade and Investment Report 2015: