The fiercest drop in the basic commodity price index in two days since 2011

The prices of basic commodities continued on Friday to collapse, to jointly inspect 4.4% after the trade war was launched by Donald Trump, the fear of the expectations of the question. The Bloomberg Basic Commodities index, which includes the prices of 22 raw materials, has fallen by a total of 6.8% since Wednesday, which is the biggest loss in two days since September 2011. The markets in all its sectors have fallen due to Trump’s customs duties, and the increasing concern about the global economic consequences as a result of them. China’s reaction by imposing customs duties on US imports has exacerbated the pressure of the sale. Futures for soybeans, cotton and pork. Oil prices got a double blow, after the sudden “OPEC+” decision Thursday to increase production. Even gold, traditional safe haven, was not spared some of the consequences as it withdrew from its standard summers earlier this week. “It is likely that we will enter a long period of uncertainty, especially with the erosion of supply chains and the decline in world question,” says Brent Belut, owner of the Killer Capital Consulting Company for Energy -focused commodity trading.