DHAKA: Commodities have had a bad run last year and their losing streak could linger on into 2015.

Credit Suisse Private Banking said in a report, says The Straits Times.

Commodity prices fell this year and markets are still facing oversupply, commodity strategy analyst Stefan Graber noted.

He said that the oversuppy was due to ‘excessive’ capital expenditure over the past few years.

Since demand for commodities does not seem to be picking up, prices will have to fall further until production declines, he said, adding, ‘As commodity projects have long lead times, this process will take time’.

BDST: 0636 HRS, JAN 02, 2015