Among them are coffee and iron .. 5 goods to be followed in the last week of 2024

Worldwide basic commodity prices are rising with the entry of the holiday season in the West, powered by volatile weather conditions and the outbreak of bird flu in the United States, and the cost of the menu has grown in vacations in the midst of the high prices of coffee, cocoa and eggs. At the same time, the Organization of Petroleum Exporting Countries (OPEC) expects the demand for oil to rise during 2025, led by China, India and other Asian countries. Electricity consumption also increases, as an important agency in North America has revised its expectations to increase significantly. The demand for coal has also seen witness to the increase in the increase, as opposed to the previous estimates that indicated that its use reached its peak last year. Below we review the latest developments in the global commodity markets through 5 important graphs with the beginning of the trading week, as follows: The basic commodities have seen this year that a strong performance of agricultural goods, as the fluctuation of weather and fear related to supplies led to the high prices of coffee and cocoa. The performance of the precious metals was also good as gold recorded record levels, while iron ore fell amid twice the question of China. On the other hand, the grain markets and oilseeds left the knees. Eggs see egg prices a significant increase in the United States in the shadow of the bread -making season during holidays, following the performance of 17 million chickens with eggs and small birds since mid -October due to the outbreak of bird flu. Egg prices exceeded the previous record recorded in the Middle West area last week during December 2022, according to the “Excusa” service price index. The virus also moved to other types of animals, including dairy cows, which affected the production of American milk. Oil is expected to result in Asia leading the growth of oil demand during 2025, as China, India and other countries from the region will contribute about 60% of the increase. OPEC expects demand to increase by 1.45 million barrels per day next year, while the international energy agency expects more modest growth by 1.08 million barrels per day. Some bank analysts are optimistic about the future oil prospects for the coming year, citing the decline in stock with the presence of contract prices near the term due to the relative decline in stocks. Electricity Centers for Artificial Intelligence increases the demand for electricity in the United States and Canada at the fastest rate in decades. Nevertheless, the new power stations do not enter the service quickly, which raises concerns about supplies, according to the reliability of the electrical energy in North America on the sidelines of its annual evaluation. The demand is currently expected to increase by about 151 GB, or 17%, by 2034 during peak periods, as the foundation has made great reviews to take during the period of expectations that extend ten years. During the past year, the foundation estimated that demand would rise at less than 10% during the same period. Coal is expected to reach the worldwide demand for coal annually to at least 2027 new standard levels, according to the information of the international energy agency, which eliminates previous estimates that indicated that the use of coal reached its peak last year, and this is emphasized by combating the challenges of facing the greenhouse emissions. The latest estimates expect demand to rise to about 8.9 billion tonnes by 2027, an increase of about 1% over 2024 levels. Despite the decline in the consumption of developed countries for this fossil fuel, the increasing demand in other places, especially China, means that coal will remain a cheap energy source, regardless of its impact on the climate.