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64<br />

Figure I.18<br />

LATIN AMERICA AND THE CARIBBEAN: PRICE INDEXES FOR COMMODITIES<br />

AND MANUFACTURES, <str<strong>on</strong>g>20</str<strong>on</strong>g>07-<str<strong>on</strong>g>20</str<strong>on</strong>g>11 a<br />

(Index: <str<strong>on</strong>g>20</str<strong>on</strong>g>00=100, three-m<strong>on</strong>th moving average)<br />

440<br />

390<br />

340<br />

290<br />

240<br />

190<br />

140<br />

90<br />

Jan<br />

Apr<br />

Jul<br />

Oct<br />

Jan<br />

Apr<br />

Jul<br />

Oct<br />

Jan<br />

Apr<br />

Jul<br />

Oct<br />

Jan<br />

Apr<br />

Jul<br />

Oct<br />

Jan<br />

Apr<br />

<str<strong>on</strong>g>20</str<strong>on</strong>g>07 <str<strong>on</strong>g>20</str<strong>on</strong>g>08 <str<strong>on</strong>g>20</str<strong>on</strong>g>09 <str<strong>on</strong>g>20</str<strong>on</strong>g>10 <str<strong>on</strong>g>20</str<strong>on</strong>g>11<br />

Foods<br />

Agricultural and forestry-related raw materials<br />

Manufactures<br />

Tropical beverages<br />

Minerals and metals<br />

Oils and oilseeds<br />

Energy<br />

Source: Ec<strong>on</strong>omic Commissi<strong>on</strong> for Latin America and <strong>the</strong> Caribbean (ECLAC), <strong>on</strong> <strong>the</strong> basis of official figures <strong>from</strong> <strong>the</strong> United<br />

Nati<strong>on</strong>s C<strong>on</strong>ference <strong>on</strong> Trade and Development (UNCTAD) and <strong>the</strong> Ne<strong>the</strong>rlands Bureau for Ec<strong>on</strong>omic Analysis (CPB).<br />

a<br />

The categories of commodities are weighted by <strong>the</strong>ir share in Latin America’s exports.<br />

Rising prices for mining products and hydrocarb<strong>on</strong>s, toge<strong>the</strong>r with technological innovati<strong>on</strong>s<br />

(e.g., deep sea drilling), have made it profitable to mine deposits that were <strong>on</strong>ce ec<strong>on</strong>omically<br />

unattractive. The expansi<strong>on</strong> of mining activity in some Central American countries, for example, is<br />

posing challenges in terms of envir<strong>on</strong>mental protecti<strong>on</strong> and local communities’ way of life. The number<br />

of social and envir<strong>on</strong>mental c<strong>on</strong>flicts or disputes associated with mining activities has been <strong>on</strong> <strong>the</strong> rise<br />

since 1990 (UNEP, <str<strong>on</strong>g>20</str<strong>on</strong>g>10). Envir<strong>on</strong>mental problems posed by mining and drilling activities include <strong>the</strong><br />

polluti<strong>on</strong> of groundwater and surface water, deforestati<strong>on</strong> and <strong>the</strong> c<strong>on</strong>sequent loss of plant cover, and<br />

soil erosi<strong>on</strong>, al<strong>on</strong>g with <strong>the</strong> resulting destabilizati<strong>on</strong> of land areas and increased sedimentati<strong>on</strong> of water<br />

courses, which disturb watersheds (UNEP, <str<strong>on</strong>g>20</str<strong>on</strong>g>10). In additi<strong>on</strong>, <strong>the</strong>re is <strong>the</strong> risk of accidents, such as oil<br />

spills and <strong>the</strong> rupture of tailings reservoirs. 14 Sensitive areas of <strong>the</strong> Amaz<strong>on</strong> basin have been<br />

c<strong>on</strong>taminated with mercury <strong>from</strong> gold mining operati<strong>on</strong>s, for example.<br />

14<br />

UNEP, for example, is currently c<strong>on</strong>ducting <strong>the</strong> Awareness and Preparedness for Emergencies at Local Level<br />

(APELL) Programme.

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