According to the Harvard Business Review Daily Stat, after a rapid rise in mid-2008, commodity prices crashed, hit bottom in 2009, then headed upward again. By early 2010, they had mostly doubled from their 2009 lows. Perhaps most disquieting, prices of agricultural commodities have risen rapidly. A dramatic increase in commodity prices, McKinsey research suggests, could stall global economic recovery and prompt emerging markets to revalue their currencies upward against the dollar and the euro to reduce the cost of imported commodities.
Source: Harvard Business Review