Published on Let's Talk Development

Commodity prices plunge in August—Pink Sheet

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Energy commodity prices plunged 6% in August, led by Australian coal prices (-9%), the World Bank Pink Sheet reported. Crude oil and U.S. natural gas prices each declined 6%.

Non-energy prices dropped almost 4%, led by beverages and metals.

Agricultural prices declined nearly 3%, with losses in beverages (-6.4%), food (-2.3%), and raw materials (-2.9%).

Fertilizer prices declined nearly 2%, led by phosphate rock (-20%).

Metals prices plunged 6%, led by iron ore (-22%); tin and zinc fell around 7%.

Precious metals prices gained 6.5%, led by a 9% increase in silver.

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



Nominal prices, percent changes, August over July


John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

Maria Hazel Macadangdang

Research Analyst, Prospects Group, World Bank

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