Commodity prices are sinking amid concerns about inflation in China and European talks about bailing out Ireland. Some of the steepest declines came Tuesday in agriculture products and industrial metals. Traders are concerned that demand may diminish because of the developments in other countries.
China is releasing stockpiled pork and sugar to boost supplies in markets after the pace of inflation hit a 25-month high of 4.4 percent in October.
In Europe, finance leaders are working to solve Ireland's debt problems to try to prevent the crisis from spreading to other nations.
For more: Commodities sink on China, European concerns - BusinessWeek
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