Published on Let's Talk Development

Energy prices advanced, fertilizer prices declined in April -- Pink Sheet

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Energy commodity prices gained 8.2 percent in April, led by a 40 percent increase in U.S. natural gas prices, the World Bank’s Pink Sheet reported.

Non-energy prices advanced 1.8 percent while agricultural prices increased 1.7 percent on higher prices for wheat (up 11 percent), rice and cocoa (4 percent rises each), soybean meal and tea (4 percent gains each). Fertilizer prices decreased 0.7 percent, led by a 5 percent drop in urea.

Metals prices gained 2.3 percent, led by gains in aluminum (up 9 percent) and nickel (4 percent rise).

Precious metals prices overall advanced almost 1 percent as gold prices increased 1 percent.

The Pink Sheet is a monthly report that monitors commodity price movements.
Commodity prices advanced in April
Source: World Bank.
All three commodity price indexes increased in April
Source: World Bank.

Most commodity prices increased in April
Nominal prices, percent changes, April over March
Source: World Bank.


John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

Xinghao Gong

Xinghao (Charlotte) Gong

Maria Hazel Macadangdang

Research Analyst, Prospects Group, World Bank

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