Natural Resources in Latin America and the Caribbean - No.3
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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 metallicmineral- 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.
SerieBulletin Natural Resources in Latin America and the Caribbean No. 3
ECLAC SubtopicsAGRICULTURE AND RURAL DEVELOPMENT ; BIODIVERSITY ; COVID-19 ; ENERGY ; GOVERNANCE OF NATURAL RESOURCES ; MINING RESOURCES ; NATURAL RESOURCES ; WATER RESOURCES ; PRICES
United Nations SubtopicsNATURAL RESOURCES ; EXPORTS ; PRICES ; COMMODITIES ; AGRICULTURAL PRODUCTS ; COMMODITY PRICES ; MINERAL RESOURCES ; INTERNATIONAL TRADE
Country / RegionLATIN AMERICA AND THE CARIBBEAN