Published on Let's Talk Development

Most commodity price indexes rose in July, led by metals – Pink Sheet

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Energy commodity prices increased 3 percent in July, led by a 3 percent gain in oil and 8 percent surge in coal, the World Bank’s Pink Sheet noted.

Agriculture prices rose 1 percent, led by 2 percent gains in oils & meals and beverages. Most other groups registered small increases, including raw materials (up nearly 1 percent). Fertilizer prices declined 1 percent.

Metals and mineral prices increased 5 percent, led by an 18 percent jump in iron ore prices. All base metal price recorded strong increases. Precious metals prices fell 2 percent led by a 5 percent decline in silver.

The pink sheet is a monthly report that monitors commodity price movements.

Most commodity price indexes rose in July.
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All key commodity price indexes posted gains in July.
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More commodity prices increased than declined in July.
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Authors

John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

Maria Hazel Macadangdang

Research Analyst, Prospects Group, World Bank

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