Movatterモバイル変換

Commodity price shocks

From Wikipedia, the free encyclopedia

Times when commodity prices have drastically changed over a short time

Commodity price shocks are times when the prices forcommodities have drastically increased or decreased over a short span of time.^[1]

Post-Napoleonic Irish grain price and land use shocks (1815–1816)

[edit]

During the internationalPost-Napoleonic Depression (1815–1821) following the conclusion of theFrench Revolutionary and Napoleonic Wars (1792–1815),wheat and othergrain prices fell by half inIreland, and alongside continued population growth,landlords convertedcropland intorangeland by securing the passage oftenant farmer eviction legislation in 1816, which led, because of theIrish workforce's historic concentration in agriculture, to a greater subdivision of remainingland plots undertillage andincreasingly less efficient and less profitable subsistence farms.^[2]^[3]

1971–1973

[edit]

At the time of the1973 oil crisis, the price of corn and wheat went up by a factor of three.

2000s decade

[edit]

Main article:2000s commodities boom

During the 2000s, the price ofBrent Crude rose above $30 a barrel in 2003 before peaking at $147.30 in July 2008. With the onset of theGreat Recession, reduced demand for oil caused the price to fall to $39 per barrel in December 2008.^[4]

The2007–2008 world food price crisis saw corn, wheat, and rice go up by a factor of three when measured in US dollars.

Second half of 2014

[edit]

Global commodity prices fell 38% between June 2014 and February 2015. Demand and supply conditions led to lower price expectations for all nine of the World Bank's commodity price indices – an extremely rare occurrence. The commodity price shock in the second half of 2014 cannot be attributed to any single factor or defining event.^[6] It was caused by a host of industry-specific, macroeconomic and financial factors which came together to cause the simultaneous large drops across many different commodity classes. Amongst these, the transition of China's economy to more sustainable levels of growth and the shale-energy boom in the United States were the dominant demand-side and supply-side factors governing the downturn in global commodity prices.^[7]

2020

[edit]

Main article:2020s commodities boom

On April 20, 2020,WTI's May contract closed at -$37.63/barrel while the June contract closed at positive $20.43/barrel. The main cause is due to the ongoingCOVID-19 pandemic which has reduced demand along with storage issues and the expiration of the May contract the following day.^[8]

References

[edit]

^"Google Scholar".
^Blessing, Patrick J. (1980)."Irish". InThernstrom, Stephan; Orlov, Ann;Handlin, Oscar (eds.).Harvard Encyclopedia of American Ethnic Groups.Cambridge, MA:Harvard University Press. p. 529.ISBN 978-0674375123.OCLC 1038430174.
^Jones, Maldwyn A. (1980)."Scotch-Irish". InThernstrom, Stephan (ed.).Harvard Encyclopedia of American Ethnic Groups.Cambridge, MA:Harvard University Press. p. 904.ISBN 978-0674375123.
^"Crude Oil Brent US Dollars per Barrel December 2008".countryeconomy.com. Retrieved2020-05-03.
^Saggu, A.; Anukoonwattaka, W. (2015)."China's 'New Normal': Challenges Ahead for Asia-Pacific Trade". United Nations ESCAP.SSRN 2628613.
^Saggu, A.; Anukoonwattaka, W. (2015). "Global Commodity Price Falls: A Transitory Boost to Economic Growth in Asia-Pacific Countries with Special Needs". United Nations ESCAP.SSRN 2617574.{{cite web}}:Missing or empty|url= (help)
^Saggu, A.; Anukoonwattaka, W. (2015). "Commodity Price Crash: Risks to Exports and Economic Growth in Asia-Pacific LDCs and LLDCs". United Nations ESCAP.SSRN 2617542.{{cite web}}:Missing or empty|url= (help)
^Investor's Business Daily (2020-04-20)."Oil Prices In U.S. Settle In Negative Territory At -$37.63 A Barrel | Investor's Business Daily".Investor's Business Daily. Retrieved2020-04-26.{{cite news}}:|last= has generic name (help)

External links

[edit]

"Asia-Pacific Trade and Investment Report 2015: Supporting Participation in Value Chains", United Nations ESCAP, November, 2, 2015 Archived 2020-05-02 at theWayback Machine

v t e Financial crises
Bank run Commodity price shocks Credit crunch Credit cycle Currency crisis Debt crisis Energy crisis Financial contagion Social contagion Flash crash Hyperinflation Liquidity crisis Accounting Capital Funding Market Minsky moment Social crisis Stock market crash
Pre-1000	Financial crisis of 33 CE Crisis of the Third Century (235–284 CE)
Commercial revolution (1000–1760)	Great Bullion Famine (c. 1400–c. 1500) The Great Debasement (1544–1551) Dutch Republic stock market crashes (c. 1600–1760) Kipper und Wipper (1621–1623) Tulip mania crash (1637) South Sea bubble crash (1720) Mississippi bubble crash (1720)
1st Industrial Revolution (1760–1840)	Amsterdam banking crisis of 1763 Bengal bubble crash (1769–1784) British credit crisis of 1772–1773 Dutch Republic financial collapse (c. 1780–1795) Copper Panic of 1789 Panic of 1792 Panic of 1796–1797 Danish state bankruptcy of 1813 Post-Napoleonic Irish grain price and land use shocks (1815–1816) Panic of 1819 Panic of 1825 Panic of 1837
1840–1870	European potato failure (1845–1856) Great Irish Famine Highland Potato Famine Panic of 1847 Panic of 1857 Panic of 1866 Black Friday (1869)
2nd Industrial Revolution (1870–1914)	Panic of 1873 Paris Bourse crash of 1882 Panic of 1884 Arendal crash (1886) Baring crisis (1890) Encilhamento (1890–1893) Panic of 1893 Australian banking crisis of 1893 Black Monday (1894) Panic of 1896 Panic of 1901 Panic of 1907 Shanghai rubber stock market crisis (1910) Panic of 1910–11 Financial crisis of 1914
Interwar period (1918–1939)	Early Soviet hyperinflation (1917–1924) Weimar Republic hyperinflation (1921–1923) Shōwa financial crisis (1927) Wall Street crash of 1929 Panic of 1930 Chinese hyperinflation (1937-1950)
Wartime period (1939–1945)	Greek hyperinflation (1941–1946) Chinese hyperinflation (1937-1950)
Post–WWII expansion (1945–1973)	Hungarian pengő hyperinflation (1945–1946) Kennedy Slide of 1962 1963–1965 Indonesian hyperinflation Chinese hyperinflation (1937-1950)
Great Inflation (1973–1982)	1970s energy crisis (1973–1980) 1973 oil crisis 1973–1974 stock market crash Secondary banking crisis of 1973–1975 Steel crisis (1973–1982) Latin American debt crisis (1975–1982) 1976 British currency crisis 1979 oil crisis Brazilian hyperinflation (1980–1982)
Great Moderation/ Great Regression (1982–2007)	Brazilian hyperinflation (1982–1994) Souk Al-Manakh stock market crash (1982) Chilean crisis of 1982 1983 Israel bank stock crisis Black Saturday (1983) Savings and loan crisis (1986–1995) Cameroonian economic crisis (1987–2000s) Black Monday (1987) 1988–1992 Norwegian banking crisis Japanese asset price bubble crash (1990–1992) Rhode Island banking crisis (1990–1992) 1991 Indian economic crisis 1990s Swedish financial crisis 1990s Finnish banking crisis 1990s Armenian energy crisis Cuban Special Period (1991–2000) Black Wednesday (1992 Sterling crisis) Yugoslav hyperinflation (1992–1994) 1994 bond market crisis Venezuelan banking crisis of 1994 Mexican peso crisis (1994–1996) 1997 Asian financial crisis October 1997 mini-crash 1998 Russian financial crisis 1998–1999 Ecuador economic crisis 1998–2002 Argentine great depression Samba effect (1999) Dot-com bubble crash (2000–2004) 9/11 stock market crash (2001) 2001 Turkish economic crisis South American economic crisis of 2002 Stock market downturn of 2002 2002 Uruguay banking crisis 2003 Myanmar banking crisis 2000s energy crisis (2003–2008) 2004 Argentine energy crisis 2007 Chinese stock bubble crash Zimbabwean hyperinflation (2007–present)
Great Recession (2007–2009)	2007–2008 financial crisis September 2008 October 2008 November 2008 December 2008 2009 Subprime mortgage crisis 2000s U.S. housing market correction U.S. bear market of 2007–2009 2008 Latvian financial crisis 2008–2009 Belgian financial crisis 2008–2009 Russian financial crisis 2008–2009 Ukrainian financial crisis 2008–2011 Icelandic financial crisis 2008–2011 Irish banking crisis 2008–2014 Spanish financial crisis Blue Monday Crash 2009 European debt crisis Greek government-debt crisis
Information Age (2009–present)	2009 Dubai debt standstill Venezuelan banking crisis of 2009–2010 2010–2014 Portuguese financial crisis Energy crisis in Venezuela (2010–present) Syrian economic crisis (2011–present) August 2011 stock markets fall 2011 Bangladesh share market scam 2012–2013 Cypriot financial crisis 2013 Chinese banking liquidity crisis Venezuela economic crisis (2013–present) 2014–2016 Brazilian economic crisis Puerto Rican government-debt crisis (2014–2022) Russian financial crisis (2014–2016) 2015 Nepal blockade 2015–2016 Chinese stock market turbulence 2015–2016 stock market selloff Brexit stock market crash (2016) Venezuelan hyperinflation (2016–2022) 2017 Sri Lankan fuel crisis Ghana banking crisis (2017–2018) Turkish economic crisis (2018–present) Lebanese liquidity crisis (2019–present) Sri Lankan economic crisis (2019–present) COVID-19 pandemic Financial market impact 2020 stock market crash Recession Chinese property sector crisis (2020–present) 2021–2023 inflation surge 2022 Russian financial crisis Pakistani economic crisis (2022–present) 2022 stock market decline 2022–2024 German economic crisis 2023 United States banking crisis 2023–2024 Egyptian financial crisis 2025 stock market crash
List of banking crises List of economic crises List of sovereign debt crises List of stock market crashes and bear markets

v t e Population
Major topics	Demographics of the world Demographic transition Estimates of historical world population Population growth Population momentum Projections of population growth World population
Population biology	Population decline Population density Physiological density Population dynamics Population model Population pyramid
Population ecology	Biocapacity Carrying capacity I = P × A × T Kaya identity Malthusian growth model Overshoot (population) World3 model
Society and population	Eugenics Dysgenics Human overpopulation Malthusian catastrophe Human population planning Compulsory sterilization Family planning One-child policy Two-child policy Overconsumption Political demography Population ethics Antinatalism Mere addition paradox Natalism Non-identity problem Reproductive rights Sustainable population Zero population growth
Publications	Population and Environment Population and Development Review
Lists	Population and housing censuses by country Largest cities World population milestones 6 billion 7 8 Population concern organizations
Events and organizations	7 Billion Actions Church of Euthanasia International Conference on Population and Development Population Action International Population Connection Population Matters United Nations Population Fund United Nations world population conferences Voluntary Human Extinction Movement World Population Conference World Population Day World Population Foundation
Related topics	Bennett's law Green Revolution Human impact on the environment Migration Net migration rate Sustainability
Commons Category