Global economic growth remains supportive of sovereign credit quality generally, and the sustained recovery in
hard commodity prices since 2016 has given a boost to EM exporters.
One of our dreams is to set up a small mill so that we will be independent of molasses, which is a very
hard commodity to reckon with.
After all, food is a
hard commodity in an inflationary world.
The sheer scale of the smallholder populations makes them economically critical - in many countries in Africa, even those with
hard commodity export sectors, agriculture still makes up more than half of the total gross domestic product.
And it is
hard commodity cash that has allowed it to happen.
Additional
hard commodity instruments - silver and copper derivatives - were launched under licence from the CME Group in August.
But both Jay and Loren Roberts, the pair who were so dominant only two or three years ago, seem to have been sliding downhill and they will find wins a
hard commodity to buy from now on.
Walsall are striving for the consistency to force them into the top six but that is a
hard commodity to find in bruising League One.
Most cash-in-circulation is not supported by a
hard commodity anymore.
As a result, New Zealand has not benefited to any significant extent from the rebound that has occurred recently in global
hard commodity prices.
Hard commodity exporters saw monthly growth in export earnings shrink from 6% in US dollar terms to 3% in local currency.