The Common Fund for Commodities, an intergovernmental financial institution established within the framework of the UN, seeks to enhance the socio-economic development of commodity producers and commodity-dependent developing countries. It has commissioned DIIS to carry out a study of current trends in international commodity trade and their implications for the development role of commodities. Increased demand for commodities from China and other ‘Asian drivers’ has pushed up the prices of a number of minerals. Increased Asian demand is also evident for cotton, hard woods and certain food crops. The study’s aim is to contextualise and assess this development, alongside that of the trend toward greater differentiation of demand for commodities in OECD markets, and to identify their implications for agro-commodity producers in developing countries as well as for international development agencies supporting them.The study will be carried out by Peter Gibbon, with assistance from Niels Jon Mortensen and Lone Riisgaard. |
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