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Commodities: a new era

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  • Yves Jégourel

Abstract

The end of supply chain is the natural corollary of the sustained price fall of virtually all commodities observed over the past many months. If it appears premature to state exactly what is the impact of this deconsolidation in the commodities value chain, it is believed that the strategic role of physical trading is strengthening. Under such circumstances, the industrial strategies of developing countries and commodity exporters may have to evolve and, in priority, foster optimizing international distribution networks and managing price risk.

Suggested Citation

  • Yves Jégourel, 2015. "Commodities: a new era," Policy briefs on Trade Dynamics and Policies 1505, Policy Center for the New South.
  • Handle: RePEc:ocp:pbtrad:pb-1526
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    1. Williamson, Oliver E, 1971. "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, American Economic Association, vol. 61(2), pages 112-123, May.
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