Whilst oil is an extreme example of recent volatility in the commodities market, many other products will see significant price changes in the coming year.
The drop in oil prices are likely to give a small fillip to the price growth of metals, with zinc in particular set to increase due to the closure of large mines. Prices for agricultural commodities and meat will also experience peaks and troughs in 2015, with oil prices set to reach the end of their decline in the next two years.
In the latest edition of Supply Business, economy analysts discuss the trends for key commodity prices in the near future, and the best way for procurement professionals to navigate these market changes.
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