February energy prices declined, non-energy prices advanced–Pink Sheet


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Energy commodity prices fell 5 percent in February—ending seven months of gains—led by a 4 percent drop in crude oil prices, the World Bank’s Pink Sheet reported.

Non-energy prices advanced by over 1 percent. Agricultural prices increased almost 2 percent, largely on higher prices for soybean meal (+12 percent), cocoa (+9 percent), maize and sorghum (+5 percent each). Fertilizer prices rose 2 percent, led by phosphate rock (+6 percent), DAP, and Urea (+2 percent each).

Metals prices as a group were flat, as increases in nickel, tin, and zinc prices were balanced by declines in copper and aluminum prices.

Precious metals prices lost almost 1 percent, led by a 3 percent decline in silver prices.

The Pink Sheet is a monthly report that monitors commodity price movements.
Energy prices declined, non-energy prices advanced in February

Agricultural commodity prices gained momentum in February

Increases in commodity prices were balanced by declines
Nominal prices, percent changes, February over January

Source: World Bank.



John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

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