Commodity prices rose modestly in February–Pink Sheet

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Energy commodity prices increased nearly 5 percent in February, led by oil (+8 percent), the World Bank’s Pink Sheet reported.

Non-energy prices gained 2 percent, in response to large price increases in metals and minerals.

Agricultural prices changed little, as increases in food and raw material prices (+0.5 percent each) were balanced by declines in beverages (-1.3 percent).

Fertilizer prices declined more than 2 percent, led by an 8 percent slide in DAP.

Metals prices surged nearly 6 percent, led by iron ore (+16 percent), nickel (+10 percent), and copper (+6 percent).

Precious metals prices rose 2 percent in response to a 2 percent jump in gold.

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

Nominal price indexes, percent changes, February over January
 
Major commodity price indexes

Nominal prices, percent changes, February over January


 
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Authors

John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

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