Developments in the prices of natural resources for export in Latin America and the Caribbean

Description:

In 2021, Latin America and the Caribbean saw an increase in the prices of the main export commodities, mainly as a result of the recovery in global demand following the impact of the COVID-19 pandemic.

Issue No. 3 of the ECLAC Natural Resources in Latin America and the Caribbean Bulletin, prepared by the Natural Resources Division of ECLAC, offers an analysis of the movements in prices of non-renewable natural resources and agricultural products in Latin America and the Caribbean, considering the effects of climate change, the COVID-19 pandemic and sustainable economic recovery in the region.

The international prices of non-renewable natural resources rose significantly in 2021 and contributed to the economic recovery in the region, particularly in hydrocarbon and metallic-mineral-exporting countries. Similarly, agricultural commodity prices rose rapidly in the second half of 2020 and the first half of 2021, which saw agricultural price indices reach 10-year highs. This largely benefited producing countries, however, the combination of high prices and declining incomes is adversely affecting consumers through inflation, particularly the most vulnerable households.

Number:

3

Editorial commitee:

Economic Commission for Latin America
and the Caribbean (ECLAC)

Natural Resources
Division

Editorial Board:
Jeannette Sánchez, Mauricio León, Adrián Rodríguez and Silvia Saravia
General coordination:
Silvia Saravia and Marina Gil
Collaborators:
Pablo Chauvet, René Salgado, Marcia Tambutti, Paul Wander and Orlando Reyes

Natural Resources in Latin America
and the Caribbean

Number 3, May 2022
ISSN Electronic Version 2709-0213

© United Nations, May 2022
All rights reserved

Contact:
drn@cepal.org

See File in Digital Repository

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