African Commodity Markets 2018

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Overall commodity trading will not be the hottest place to make money in 2018, according to the World Bank Commodity Markets Outlook report dated October. The bank’s analysts forecast an index of energy products to climb 4 % in 2018 and agricultural goods 1.2 %. As for metals and minerals, the index should drop by 0.7 percent. This comes after a somewhat dismal year 2017, the Bloomberg Commodity Index tracking 22 products expected to be down by about 2%. “Prices have remained subdued by large stockpiles, a trend that may be poised to continue”, writes Bloomberg.

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Commodities Special Report 01