The 35th Cyclope report on commodity markets published on May 26 highlights the prices of agricultural products have not evolved in 2020 like industrial metals or energy. The latter collapsed before recovering strongly at the end of the year due to the tremendous Chinese demand "This dark clarity that falls from the stars". This is the title of the 2021 Cyclops Report on commodity markets, the 35th edition, which Philippe Chalmin, professor at Paris-Dauphine University, presented during a virtual press conference. Agricultural materials saw their prices rise, such as palm oil (+28%), rice (+16%), coffee (+8%) and cocoa (+1%). Only average cotton prices fell by 8%.

According to CyclOpe's outlook, 2021 will see a continued rise in commodity prices, particularly for all agricultural materials: +26% for palm oil, +20% for coffee, +20% for corn, +11% for cotton, +5% for rice, +1% for cocoa. Cyclops predicts an overall increase in the Cyclops index of +19% on average over 2021 compared to the 2020 average, a return to square one in a way. The Cyclops index having recorded a fall of 19% in 2020.

If today, the raw materials markets are in turmoil, both for Philippe Chalmin and for Yves Jegourel, co-director of the report and professor at the University of Bordeaux, the time has not come for the materials super-cycle raw.