commodity prices surged 9 percent in January, the seventh monthly gain in a row, led by an almost 30 percent increase in U.S. natural gas prices, the World Bank’s Pink Sheet reported.Non-energy
prices made solid advances as well, with metals and minerals
prices gaining more than 5 percent, also the seventh consecutive monthly increase, and a five-year high. Nickel and zinc, up 12 and 8 percent respectively, led the rise.Precious
metals climbed nearly 6 percent, with similar gains in gold and silver.Agricultural
prices, which had been stable for nearly 2 years, increased more than 2 percent, led by advances in rice (+9 percent) and cotton (+5 percent). Fertilizer
prices rose over 1 percent, led by DAP (+3 percent) and Urea (+2 percent).
The Pink Sheet
is a monthly report that monitors commodity price movements.
All commodity price indexes gained in January, led by energy