Source: DePartment of International Economic and Social Affairs of the Unitedllations Secretariat' based on data contained tn United Nations Monthlv Bulletin ofStatistics, April l9B5 (for 1980-1994), and OECD, Economic Outlook !b. 36;Decenber 1984 (for 1985 forecast). !/ Provisional. Includes estinates for the month of December, bJ Represents unit value of exports of manufactures by developed markeb economy countr les. { Commodi ty terms of trade are obtained by dividing narket price lnaliceEfor commodities by the United Nations unit value lndex for exports of manufacEuregas indicat,ed in footnote p/ above.A/ 40 / 5L9 English ?age 31 almoBt the entire burtlen of adjusEment to the collapse in connodity prices' comnpdity prices recovered someshat (i.e., about 5 per cent) in 1983 and further advanced marginally in 1984 (by an esti[Eted 3.5 per cent] as a result of the modest econoolc recovery that was set in flEtlon ln bhe latter half of 1982 ln sone of the atevelopeal econooieE, but the price level at the end of 1984 was still some 20 per cent below that of 1980. Th€ outlook for commodity prices in the near berm 16 not bright, ln fact, a return to the trough levels of 1982 is expected for 1985' ?0. As for the recent collapse of primary comtuoallty Prices, several reasons have been advanced to account for lt. 6one factors are of a short-term nature, such aE the effects of the economic recesslon in developed market economy countries, hlgh interest rates that have greatly lncreaged tbe cost of holding comroodi ty stocksr resulting in large decuoulatlon of inventorie€ in conEuning countriest unusually good harvests of sooe csopa ln certain year6, and ao forth. oD the other hand, sludies V have 6hol'n that th€re are long-term factora at work ae weII. In regard to the food, beverages anat tObaCCo sector, for instance' the voluoe Of lmports into lnalustrial countries nas severely constrained over the past decade by contlnuing
**Analysis**
The text appears to be discussing the economic trends and factors affecting commodity prices, particularly in the context of developed market economies. It mentions the collapse of commodity prices, the effects of economic recessions, high interest rates, and agricultural production on the sector. The text also touches on the long-term factors influencing the market.

**Category**
International trade, Industry