Energy prices rose in March—Pink Sheet

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Energy commodity prices rebounded in more than 3 percent in March, led by oil (+4 percent), the World Bank Pink Sheet reported. Coal and natural gas prices (Europe) declined 4 and 14 percent, respectively.

Non-energy prices declined marginally, with losses in beverages and food balanced by gains in raw material and metals.

Agricultural prices declined nearly one percent, with drops in beverages (-2.5 percent) and food (-1.5 percent) partly balanced by increases in raw materials (+1.4 percent).

Fertilizer prices declined almost one percent, reflecting losses in TSP and DAP (-6.7 and -6.2 percent, respectively) and gains in potassium (+14 percent).

Metals prices gained 1.2 percent, led by increases in zinc (+5.3 percent) and copper (+2.2 percent).

Precious metals prices declined nearly 2 percent in response to declines in silver (-3.3 percent) and gold (-1.5 percent).

The Pink Sheet is a monthly report that monitors commodity price movements.
 
Nominal price indexes, percent changes, March over February

 

Major commodity price indexes


Nominal prices, percent changes, March over February

Authors

John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

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