Finance

Internal medicine

Pathology

Business

Archaeology

Disease

Coronavirus disease 2019 (COVID-19)

Infectious disease (medical specialty)

Pandemic

Financial economics

Futures contract

Agriculture

Outbreak

Macroeconomics

Supply and demand

China

Virology

Economics

Geography

Natural resource economics

Commodity market

Coronavirus

Shock (circulatory)

Commodity

Development economics

Market economy

Medicine

Environment Development and Sustainability

The novel coronavirus (2019-nCoV) originated in China has now covered around 213 countries globally. It has posed health calamities which have threatened the world with the emergence. Owing to the number of confirmed cases still rising every day, it has now become a phase of an international health emergency. Sudden outbreak of coronavirus disease 2019 (COVID-19) has brought global declines in the commodity process. This has majorly affected the demand as well as supply of the commodities. The oil market has been severely affected due to the outrageous collapse in the demand majorly due to travel restrictions which has also caused the steepest decline in oil prices. The prices of both precious and industrial metals have also fallen, although the price drop is less than that of oil prices. The agriculture industry is one of the least affected so far by this pandemic due to its indirect relation with economic activities. However, the ultimate impact of COVID-19 pandemic will greatly depend on the severity and duration of its outspread, but it is expected to have long-lasting implications.

A shock like no other: coronavirus rattles commodity markets