China’s shipskin demand fall depresses commodity prices

IPPmedia
Good elephant news as ivory prices fall sharply in China
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A banner on the ivory crisis in the country. Last year, WildAid launched an awareness campaign about the ivory crisis facing Tanzania. Elephant ivory is plummeting in value throughout China, which is one of the key markets fuelling the illegal trade in ...
Tanzania: Hope As Ivory Prices PlummetAllAfrica.com

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The recent slump in commodity prices, due to the slowing Chinese economy, is a cause for concern in copper-rich Zambia.

Tanzania’s annual headline inflation decreased to 4 per cent in January from 4.8 per cent recorded in December pushed by a decrease of oil prices.

Tanzania’s annual headline inflation rate decreased to 5.9 per cent in October 2014, from 6.6 per cent recorded in September as the speed of food prices went down during the month, National Bureau of Statistics (NBS) announced in Dar es Salaam yesterday.

This year has started with relief to fuel consumers as the regulator announced lower prices for petrol, diesel and kerosene through January.

Prices of petroleum products have been going down in Tanzania as the country responds to the declining global prices. However, the price drops make little sense to Iliyasa Haji, a resident of Mbezi and a supplier of Irish potatoes to Mabibo and Mbagala markets.

> The Energy and Water Utilities Regulatory Authority (Ewura) yesterday announced a significant reduction in fuel prices.

Australian miners led losses in Asian commodity firms yesterday, with giant BHP Billiton sitting at a 10-year low, as metals prices slip further on slack demand and a strong dollar.

The global copper market is expected to post a moderate surplus this year, which will result in copper prices remaining under pressure, the fifth instalment of Thomson Reuters’ ‘GFMS Copper Survey 2014’ has found.