Published on Let's Talk Development

Energy prices advance in September—Pink Sheet

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Energy commodity prices gained nearly 5% in September, led by natural gas in the U.S. (+16%), the World Bank Pink Sheet reported. Crude oil and natural gas in Europe gained as well (4% and 14%, respectively).

Non-energy prices changed little as gains in beverages and metals were offset by declines in fertilizers.

Agricultural prices did not change much, but a 2% gain in beverages (driven by a 5% increase in cocoa prices) was offset by a 0.6% decline in food prices (mostly due to a 4% drop in maize prices).

Fertilizer prices declined nearly 5%, led by urea (down almost 10%).

Metals prices gained nearly 2%, led by nickel (+12%) and zinc (+3%).

Precious metals prices gained 1.5%, led by a 5.4% gain in silver.

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


Nominal prices, percent changes, September over August


John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

Maria Hazel Macadangdang

Research Analyst, Prospects Group, World Bank

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