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Trade - World commodity prices up in June 2020

14/09/2020
Source : AllAfrica
Categories: Economy/Forex

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In its "statistical benchmarks" devoted to the month of June, it nevertheless notes that compared to the corresponding month of 2019, the world prices of crude oil (-37.3%), corn (-24.7 %), cotton (-12.7%), sugar (-4.8%) and wheat (-4.1%) fell back while that of rice (+23.8%) fell. increased.

In detail, a barrel of crude oil was worth 40.3 US dollars last June against 29.4 dollars the previous month, an increase of 37.1% in monthly variation. On the other hand, compared to the same period of 2019 during which it was a cost of 64.3 dollars for the barrel of crude oil, the agency shows a drop of 37.3%.

For rice, the ton cost 520.0 US dollars in the period under review against 510.0 dollars in May, which represents an increase of 2.0% over an interval of 30 days. Compared to the month of June 2019 (420.0 dollars per ton), there is an increase of 23.8% in the price of rice.

Regarding wheat, the Ansd notes a monthly variation of 4.8% on the price, which went from 466.1 US cents / 60 lb wood in May 2020 to 443.7 US cents / 60 lb wood per month following. If we compare this price to that of the corresponding period of 2019 (462.7 US cents / 60lb wood), the downward trend is still noted with -4.1%.

In the same vein, the structure indicates that the price of corn was 327.6 US cents / bushel in June 2020 against 318.6 the previous month, reflecting an increase of 2.8% in monthly variation. She does know, however, that compared to June 2019 with 435.2 US cents / bushel, the price of corn is down 24.7%.

Also, we note in "statistical benchmarks" of the Ansd, the price of sugar is experiencing a monthly increase of 11.3% from 10.6 New York - cents / lb n ° 11 to 11.8 New York York - cents/lb No. 11. This last price compared to that of the corresponding period of 2019 (12.4 New York - cents/lb n°11), shows a regression of 4.8/% in the cost of sugar.

Finally, the agency points out in the same vein that a 3.2% increase is in the price of cotton, which rose from 65.7 US cents/lb in May 2020 to 67.8 US cents /lb to June 2020. Compared to the same time in 2019 when the cost of cotton was 77.7 US cents/lb, there is a decrease of 12.7%.

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