On the basis of assessments by the World Bank (WB) and International Monetary Fund (IMF) and other international agencies, the Central Bank of Armenia (CBA) issued price forecasts in the world commodity markets.

The prices are expected to remain as high as they were in the 3rd quarter of 2010.

A moderate rise in international oil prices is expected – up to U.S. $80-85. The reason is an increased demand for oil amid the recovery of the world economy, especially of the developing economies.

A moderate rise in prices for industrial and precious metals is expected as well. Specifically, international lead prices will range within U.S. $8,000 per ton. The gold price will remain about U.S. $1,350 per ounce.

As regards food products, the wheat prices will remain at a historical level, showing a moderate increase. The reason is a comparable increase, with demand and supply considered.

The international prices for a number of food products are expected to rise as well.