[Music]
here in Lausanne the world's largest
resource companies have gathered for the
FT commodity summit and after the
biggest commodities downturn in a
generation the market has started to
recover but uncertainty remains
including over the oil price I asked
several industry experts what they think
are the key themes and events shaping
commodities in 2017 I think there will
be two main drivers one is gonna be
China we shouldn't forget that China
accounts for most communities around 50%
of the demand and the second piece is
going to be the US and the impact of the
Trump administration I think we're all
listening much more to the consumer
sustainability is getting to be a real
issue and we're all paying much more
attention than before to the
sustainability and logistics efficiency
and technology those are the main themes
I see in general across all commodities
I think anything any level of
uncertainty or policy which impacts
trade or impacts the the value of the
dollar on the unforunately markets could
impact commodity prices I think and then
of course weather you never know when
you're going to get a hot dry or
unexpected weather event and either in
either north or south america are one of
the growing regions of the world so
that's always a variable in agricultural
production the two main things are going
to be geopolitics you know what will
happen out of this new Saudi a Russian
relationship will get deeper or not and
the second one is technology I will see
the disrupting effect of technology has
been massive and I think that's going to
have major impact in the industry
firstly from a geopolitical point of
view we're off we have seen significant
changes potential trade barriers in the
US or policy changes that will have a
significant impact secondly continued
emerging market growth very positive
growth out of India and I think too many
may be surprising you know very strong
demand out of China as well and finally
we're seeing sort of financial market
stress interest rates picking up what's
that going to have on if you like
movement of funds and how that impacts
on the commodity prices to me other main
theme
[Music]