The Decline of Primary Producer Power

G.F. Ray

National Institute Economic Review, 1987, vol. 121, 40-45

Abstract: The middle years of this decade will go down in economic history as a period when primary products hit rock bottom, whatever method is used to illustrate their real value or purchasing power. There have been hardly any exceptions to this general decline. Petroleum (by far the most important primary product), foodstuffs, agricultural industrial materials, minerals and metals all shared the same fate, though the extent of their losses differed. The only exception has been coffee, owing to unusually adverse weather conditions.

Date: 1987
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