Prepare for a bumpy year in coffee, oil and other commodities
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BEFORE it is too late, order your espresso. It will be more expensive in 2025, and anyone trading – or observing – energy and commodity markets into the new year will need caffeine to survive.
First, a bit of honesty – 2025 looks awfully foggy. The supply-and-demand balance of key commodities can swing from hugely oversupplied to massively in deficit, depending on unpredictable politics. My crystal ball is about as good as anyone else’s about what Donald Trump, Xi Jinping, Vladimir Putin, Benjamin Netanyahu and several others will do.
More than ever, predicting commodity prices in the new year is about forecasting political choices. Still, we can anticipate a few themes – and few bits of commodity trivia I will be watching through the new year:
TRENDING NOW
Indonesian court upholds earlier dismissal of 2.28 trillion rupiah claim on Keppel unit’s land
Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing
Xi Jinping has just rewritten the rules of US-China rivalry
China traders rush for exit after cross-border flow crackdown
