Energy And Metals Top The Least Of Rising Commodity Prices

By Juma / Published July 5, 2021 | 8:03 am




KEY POINTS

The price of precious metals grew by 16.1 percent in the first half of 2021, compared a a drop of 23.1 percent in the first half of 2020.


Markets

The high demand for commodities has led to the prices increasing to the pre-pandemic levels led by energy and metal prices which are up 58.2 and 57.7 percent respectively.

The prices of precious metals have registered muted growth as investors participate in other attractive asset classes like long-term bonds.

The price of precious metals grew by 16.1 percent in the first half of 2021, compared a a drop of 23.1 percent in the first half of 2020. The Agriculture sector grew by 25.1 percent in the first half of 2021, compared to 0.6 percent in the first half of 2020.

Read More: A Look At The Prices Of Beans In Major Towns Across The Country

The price of metals and minerals increased by 57.7 percent in the first half of 2021 after being in the red by 10.3 percent in the first half of 2021. Non-energy products rose by 34.8 percent in 2021 compared to being in the red at 3.4 percent in the first half of 2020.

Demand in energy has led the prices to increase by 58.2 percent in the first half of 2021 compared to a negative of 36.6 percent in the first half of 2020. Fertilizers rose by 40.3 percent in the first half of 2021 compared to the negative 16.8 percent in 2020.

Read More: Kenyan Economy Contracted 0.4% In First Half Of 2020

Analysts including the World Bank project a sustained growth in the commodity prices across the world especially in metals and energy as economies strive to recover from the Covid-19 pandemic heat that is still a threat around the world.

The rollout of vaccines around the world are also set to help economies recover as investors gain confidence. However, in most African countries, the vaccines have not been fully rolled out and with new mutations, danger still lies ahead.

The World Bank has said that the global economy is set to expand 5.6 percent in 2021—its strongest post-recession pace in 80 years. This recovery is uneven and largely reflects sharp rebounds in some major economies—most notably the United States, owing to substantial fiscal support—amid highly unequal vaccine access.




About Juma

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.(020) 528 0222 or Email: info@sokodirectory.com

View other posts by Juma


More Articles From This Author








Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2022
  • January 2022 (206)
  • 2021
  • January 2021 (182)
  • February 2021 (227)
  • March 2021 (325)
  • April 2021 (259)
  • May 2021 (285)
  • June 2021 (273)
  • July 2021 (277)
  • August 2021 (233)
  • September 2021 (271)
  • October 2021 (305)
  • November 2021 (365)
  • December 2021 (250)
  • 2020
  • January 2020 (272)
  • February 2020 (310)
  • March 2020 (390)
  • April 2020 (321)
  • May 2020 (335)
  • June 2020 (327)
  • July 2020 (333)
  • August 2020 (276)
  • September 2020 (214)
  • October 2020 (233)
  • November 2020 (242)
  • December 2020 (187)
  • 2019
  • January 2019 (251)
  • February 2019 (215)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (271)
  • June 2019 (250)
  • July 2019 (338)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (313)
  • November 2019 (362)
  • December 2019 (319)
  • 2018
  • January 2018 (291)
  • February 2018 (213)
  • March 2018 (276)
  • April 2018 (223)
  • May 2018 (235)
  • June 2018 (176)
  • July 2018 (256)
  • August 2018 (247)
  • September 2018 (255)
  • October 2018 (283)
  • November 2018 (283)
  • December 2018 (184)
  • 2017
  • January 2017 (183)
  • February 2017 (194)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (247)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (165)
  • April 2015 (107)
  • May 2015 (116)
  • June 2015 (119)
  • July 2015 (147)
  • August 2015 (157)
  • September 2015 (186)
  • October 2015 (169)
  • November 2015 (173)
  • December 2015 (207)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950