A composite of 29 commodities trading on the U.S. and U.K. futures exchanges moved 4.52% lower in 2023. While energy commodities led on the downside with an over 20% decline, grains fell more than 13%, base metals were down over 10%, and precious metals dropped over 8% despite gold’s 2023 double-digit percentage gain. A significant decline in palladium prices drove the rare precious metals sector lower. Animal protein prices slightly increased by under 2% for the year, while soft commodities moved over 24% higher. Cocoa and frozen concentrated orange juice futures prices soared in 2023.
Cocoa catches up- New record highs in FCOJ
