World Agricultural Commodity Markets in the Marketing Year 2021/22

Jakob Dehoust, Ernst Albrecht and Oliver Balkhausen

German Journal of Agricultural Economics, 2022, vol. 71, issue 00

Abstract: Agricultural commodity markets continued to be volatile in 2021 at an overall high price level. While the Covid-19 pandemic is still ongoing and affecting the working and social lives of most people, the impact on agriculture commodity markets remains limited. However, unlike in 2020, the pandemic in 2021 had an impact on the supply side. Measures to contain the spread of Covid-19 was causing a shortage of labor in Southeast Asia and thus reduced harvest in palm oil plantations. Fresh fruit bunches (FFB) that were ready to harvest rotted in the plantations, resulting in lower than expected palm oil production. Apart from this impact, demand for beer and thus malting barley continues to be negatively affected by the pandemic. Bio-fuels, both ethanol and biodiesel, were also affected, but to a much lesser extent than in 2020. For the rest of the market it remains true, that trade with agricultural raw material turned out to be very resilient against the global crisis of the pandemic.

Keywords: Agribusiness; Crop Production/Industries; Environmental Economics and Policy; Resource/Energy Economics and Policy; Sustainability (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ags:gjagec:343342

DOI: 10.22004/ag.econ.343342

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