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The World Bank's Agriculture Raw Material Price Index is more than 15% below start-of-year levels and is projected to average 4% lower in 2022. Cotton and natural rubber prices have fallen on weak demand and strong supply, and the index is expected to edge up in 2023.
The main risk is a sharper slowdown in global growth.
Weak demand and slowing global growth are pushing raw material prices lower, which helps feed buyers' input costs. Cotton and rubber are not feed commodities, so direct effects on feed prices are limited.
blogs.worldbank.orgJohn Baffes, Kaltrina TemajDec 1, 2022After 43 past macro events, Rough Rice moved a median +0.5% over 5 sessions (56% higher; middle half -2.0% to +2.3%), and +1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
