Commodities Roundup: December and January 2014
The global commodities market saw volatility throughout December 2013 and into 2014, a trend expected to continue well into the year. Salmon saw a huge price rise in December 2013 due to poor weather in Norway, one of the world’s largest salmon exporters, and a high demand in the eurozone. These factors created a 23.5 percent rise in salmon prices. In hard commodities, a lull in industrial activity and supply buildups created low demand and low prices for metals. Coal and natural gas prices, on the other hand, are skyrocketing due to the polar vortex in the US, causing many consumers to use more of these fuels than normal to heat their homes.
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