Energy commodity prices declined 4 percent in May, led by a 4.3 percent drop in oil and an 11.7 plunge in coal, the World Bank’s Pink Sheet said. Natural gas prices rose 1.6 percent.
Food prices increased 2.4 percent, following gains in key grains (rice and wheat) and edible oils. Beverage prices eased 1 percent due to weak coffee prices. Fertilizer prices receded nearly 6 percent.
Metals and minerals prices slid 2.4 percent, led by an 11 percent tumble in iron ore. Precious metals were off 2.6 percent. It was the third monthly decline for metals.
The Pink Sheet is a monthly report that monitors commodity price movements.
Food prices increased 2.4 percent, following gains in key grains (rice and wheat) and edible oils. Beverage prices eased 1 percent due to weak coffee prices. Fertilizer prices receded nearly 6 percent.
Metals and minerals prices slid 2.4 percent, led by an 11 percent tumble in iron ore. Precious metals were off 2.6 percent. It was the third monthly decline for metals.
The Pink Sheet is a monthly report that monitors commodity price movements.
Commodity Prices
Metals prices posted a third consecutive monthly decline.
Major Price Indexes, US$ (2000=100)
Commodity price movements were distributed roughly evenly among increases (mostly among agricultural commodities) and declines (mostly among industrial commodities).
Percent Changes in Prices, May over April (Nominal US$)
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