Energy prices plunged in June—Pink Sheet

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Energy commodity prices plunged almost 11% in June, led by European natural gas prices (-17%), the World Bank Pink Sheet reported. Coal and crude oil prices declined 12% and 11%, respectively.

Non-energy prices gained 2%, led by agriculture and fertilizers. The metals and minerals index remained largely unchanged.

Agricultural prices increased nearly 3%, with gains in food (3.7%), beverages (2.9%), and raw materials (0.6%).

Fertilizer prices advanced 2.6%, led by DAP (13%) and phosphate rock (7.7%).

Metals prices were mixed, with a 9% increase in iron ore offsetting declines in zinc (-5.2%) and copper (-2.3%).

Precious metals prices gained more than 5% led by a nearly 6% increase in gold.

The Pink Sheet is a monthly report that monitors commodity price movements.

 

Nominal price indexes, % changes, June over May

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Nominal price indexes, % changes, June over May

 

Major commodity price indexes

 

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Major commodity price indexes

 

Nominal prices, % changes, June over May

 

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Nominal prices, % changes, June over May

Authors

John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

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