The effects of the pandemic continue to play out across global commodity markets, although some countries are beginning to ease lockdown restrictions. Demand is anticipated to slowly increase, as pubs, bars and restaurants tentatively open for business, while supply of goods to market should also benefit from more trucks on roads and vessels in ports. Notwithstanding, many countries remain in lockdown with supply gluts and shortages a key theme.
This has resulted in various governments introducing support initiatives, to compensate producers for loss of trade, protect domestic food security, as well as making consumption staples affordable to consumers. This week, Mintec focuses on the measures put in place by governments to help commodity markets and market participants cope with the changing market dynamics.
This week's chosen commodities include; SMP, Mangoes, Seafood, Wheat & US Meat.