Commodity prices (measured in U.S. dollars) except for energy retreated in March 2011. Energy prices surged by 9.6%. Non-energy prices declined by 4.8%; food prices dropped 5.2%; beverages remained unchanged; raw materials prices fell by 6.5%; metals and minerals drifted down by 4.8%. The US dollar depreciated 2.7% against the euro and 1.0% against a broad index of currencies.
Look out for next week's posting on Global Commodity Watch which will provide indepth analysis on these prices and commodity price forecasts