Monday 23 May 2011

COMMODITY MARKET SPACIAL REOPORT 23/5/2011 ENJOYYYYYYYYYYYYY SELLINGGGGGGGGGGGGGGGGG

  1. (Dow Jones)--Global prices for oil, metals and other commodities will fall sharply in "months, or even weeks," but the risk of social unrest from elevated food prices remains a concern, Karim Masimov, prime minister of Kazakhstan said in an interview Friday. Speaking to Dow Jones Newswires as Kazakhstan's capital, Astana, which welcomed the European Bank for Reconstruction and Development for its annual meeting, the prime minister said a commodity price correction would ease inflationary pressure on the economy. That would offset the short-term dent to revenues for Kazakhstan, which has huge reserves of oil, natural gas, copper, zinc and other metals. "It's actually good for Kazakhstan, as it stops us being complacent," the prime minister said, stressing that high commodity prices accelerate capital inflow, which in turn increases inflationary pressure. Masimov said he now expects the country to remain in "single-digit" inflation this year. Masimov warned that inflation, no

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