31
Jan
After three years of extreme volatility, commodities prices are set to broadly stabilise in 2024. According to the Economist Intelligence Unit Commodities Outlook 2024, this apparent stasis may come as a surprise given the many geopolitical headwinds buffeting the global economy at the moment. These range from adverse weather conditions to escalating conflict in the Middle East and rocketing freight rates owing to disrupted shipping routes through the Suez and Panama canals. However, it said this holding pattern for commodities prices in 2024 belies what will be an eventful year as markets remain volatile in the short term before secular…