Energy commodity prices increased 3 percent in July, led by a 3 percent gain in oil and 8 percent surge in coal, the World Bank’s Pink Sheet noted.
Agriculture prices rose 1 percent, led by 2 percent gains in oils & meals and beverages. Most other groups registered small increases, including raw materials (up nearly 1 percent). Fertilizer prices declined 1 percent.
Metals and mineral prices increased 5 percent, led by an 18 percent jump in iron ore prices. All base metal price recorded strong increases. Precious metals prices fell 2 percent led by a 5 percent decline in silver.
The pink sheet is a monthly report that monitors commodity price movements.
Most commodity price indexes rose in July.
All key commodity price indexes posted gains in July.
More commodity prices increased than declined in July.