Commodities set to bounce back in 2014
Positive and accelerating growth in the US, Europe, Japan and emerging markets set scene for recovery in metals, crops
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METAL and crop prices are poised to rebound in 2014 as accelerating economic growth boosts demand, helping to staunch this year's record retreat for investments in commodity-focused funds.
Average annual prices for 15 of 23 non-energy commodities from aluminium to sugar will be higher than now, according to estimates from as many as 26 analysts compiled by Bloomberg. Corn may rise as much as 20 per cent, platinum 24 per cent and nickel 18 per cent, based on the median of trader and investor forecasts in a survey that asked as many as 59 respondents to predict next year's peak price for each of 15 raw materials.
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