The outlook for global commodity markets is characterised by an improved supply landscape and subdued demand, easing market pressures. Weaker manufacturing activity in major economies is set to limit energy and metals price growth, while favourable crop projections should temper agrifood prices. Looking ahead, disinflation and monetary easing may boost consumption and business activity, adding upward pressure on commodities, while geopolitical and weather shocks could exacerbate volatility.
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