Energy commodity prices plunged 6% in August, led by Australian coal prices (-9%), the World Bank Pink Sheet reported. Crude oil and U.S. natural gas prices each declined 6%.
Non-energy prices dropped almost 4%, led by beverages and metals.
Agricultural prices declined nearly 3%, with losses in beverages (-6.4%), food (-2.3%), and raw materials (-2.9%).
Fertilizer prices declined nearly 2%, led by phosphate rock (-20%).
Metals prices plunged 6%, led by iron ore (-22%); tin and zinc fell around 7%.
Precious metals prices gained 6.5%, led by a 9% increase in silver.
The Pink Sheet is a monthly report that monitors commodity price movements.