Commodity
in sentence
920 examples of Commodity in a sentence
The sharp declines in oil and
commodity
prices during the latest supercycle have helped mitigate inflationary pressures, while the generalized slowdown in economic activity in the emerging world may have contributed as well.
As Rodrigo Vergara, Governor of the Central Bank of Chile, observed in his prepared remarks at Jackson Hole, large currency depreciations in many emerging markets (most notably some oil and
commodity
producers) since the spring of 2013 have been associated with a rise in inflationary pressures in the face of wider output gaps.
Inflation was on the rise before the recession of 2008 struck, mainly because of spiking
commodity
prices.
It has now started to rise again, but from a low level, mainly as a result of a turnabout in
commodity
prices.
African countries adopted
commodity
boards for coffee and cocoa.
If the country is a producer of the
commodity
in question, it may use export controls to insulate domestic consumers from increases in the world price.
It is probably best to accept that
commodity
prices will be volatile, and to create ways to limit the adverse economic effects – for example, financial instruments that allow hedging of the terms of trade.
But the broader sort of policy that Sarkozy evidently has in mind is to confront speculators, who are perceived as destabilizing agricultural
commodity
markets.
The French have not yet been able to obtain agreement from the other G-20 members on measures aimed at regulating
commodity
speculators, such as limits on the size of their investment positions.
This pressure is compounded in resource-rich Latin American countries by the increase in
commodity
prices caused by a similar search for yield and by the fall in the dollar’s value.
Fourth, the
commodity
super-cycle that helped Brazil, Russia, South Africa, and many other commodity-exporting emerging markets may be over.
Some factors are cyclical, but others – state capitalism, the risk of a hard landing in China, the end of the
commodity
super-cycle – are more structural.
The dollar has also strengthened against the currencies of advanced-country
commodity
exporters, like Australia and Canada, and those of many emerging markets.
For these countries, falling oil and
commodity
prices have triggered currency depreciations that are helping to shield growth and jobs from the effects of lower exports.
The Chinese oil futures contract is, however, being taken seriously by multinational
commodity
traders (like Glencore) and is priced in a manner that is comparable to the Brent and WTI indices.
As we argue in The Asia-Pacific Journal, these results suggest that China’s oil futures could bring the renminbi to the core of global
commodity
markets.
The launch of the oil futures contract can be anticipated to widen the scope for renminbi-denominated
commodity
trading.
The establishment of renminbi-based oil trading at a time when China and many other economies confront aggressive US tariffs, and possible further development of renminbi-based trade in other
commodity
markets, suggests that the US dollar could face an unprecedented challenge to its hegemony.
Indeed, the currency of any country that is significantly dependent on
commodity
exports has suffered.
Commodity
prices will continue to be soft, pulling down
commodity
currencies, and bolstering the yen especially, since resource-poor Japan is so reliant on
commodity
imports.
But by now, emerging-market countries’ exchange rates, and even more so
commodity
currencies, have probably overshot on the downside.ampnbsp;
Over the long run, globalization and economic convergence will resume, and emerging market and
commodity
currencies will have to strengthen.
But food cannot be treated as just another commodity, and governments should develop appropriate policies, infrastructure, and institutions to ensure food security (not to be equated with total self-sufficiency) at the national or regional level.
In addition, more securitization, easier online trading, and other financial market developments in recent years have facilitated greater speculative investments, especially in
commodity
futures and options markets, including those affecting food.
Images of ScarcityNEW HAVEN – Could the television image we’ve all seen of the Greenland ice cap crumbling into the ocean because of global warming somehow – indirectly and psychologically – be partly responsible for high oil and other
commodity
prices?
Let’s take a case study, the last generalized boom-bust cycle in
commodity
prices, which caused these prices generally to rise (more or less) from some time in the 1960’s until the 1980’s, and then generally to fall until the mid-1990’s.
This was the time of the “great population scare,” which transformed thinking worldwide, no doubt contributing to higher
commodity
prices while the fear lasted.
With so many vivid images of a shrinking and damaged planet, is it really any wonder that human psychology is ripe for high
commodity
prices?
Market incentives to treat body tissue as a
commodity
may also threaten personal beliefs.
Apart from
commodity
exports, it has little to offer to the global economy.
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