Global commodity prices regain further lost ground in June

Global commodity prices jumped 15.4% over the previous month in June, on the heels of May’s 16.4% upturn and marking the second largest increase since our records began in January 2007.

Sustained improvement in demand conditions propelled global commodity prices at the end of Q2 amid the lifting of lockdowns in Europe and the U.S. and as private-sector activity in most of the world’s major economies began to bounce back  from record lows in May–June. Recovering energy prices once again lead the upturn, followed by a marked increase in base metal prices. Furthermore, agricultural and precious metal prices edged up in June.

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