The COVID-19 pandemic continues to impact global supply chains. The price effects across various commodity groups are reflective of numerous factors, man market-specific. Easing lockdowns in some regions may boost consumer spending and lend some price support. In contrast, the opposite may be true in regions where social movement is again being restricted due to rising cases. With the virus widely anticipated to escalate during the Western Hemisphere winter, commodity price volatility seems increasingly likely in Q4 2020.
In August, Mintec reported on the price impact of COVID-19 on a range of commodity categories, highlighting key price drivers. This latest report revisits some of these categories, providing analysis of price developments up to mid-September.
The following categories are covered - seafood, soft commodities, grains, dairy, vegetable oils, meat and nuts - with anaylsis on current market dynamics, key drivers and short term price potential.