If farmers» fears come to fruition, consumers could see prices go up not
only on agricultural products, but also on the umpteen products that hide corn and soybean inputs such as gas.
Not exact matches
Following a January rally, the global commodities complex underwent declines in February before partially recovering in March; for the first quarter as a whole, the benchmark Thomson Reuters CoreCommodity CRB Index (CRB) gained 0.8 %
on a price -
only basis.1 Among the 19 component commodities tracked by the CRB, advancers had a slight edge over decliners, buoyed by growth in global economies and weakness in the trade - weighted US dollar, which retreated 2.1 %, according to the Federal Reserve's (Fed's) US Dollar Index.1 Aside from robust gains for a host of
agricultural products, oil and gold were also among the commodity winners.
Asked about the impact
on Hong Kong of a trade war, Yau said: «It is hard to assess now without a detailed list, as the US proposal
only included a few general categories such as
agricultural products and electronics... It also depends
on what countermeasures the Chinese government rolls out.»
In short,
agricultural products not
on the PSL can
only be used as processing aids if they are organic.