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Commodity prices continued to plunge in April—Pink Sheet

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Energy prices plunged further in April, down 30 percent from March, led by a 35% decline in crude oil, the World Bank’s Pink Sheet reported.

Non-energy prices fell nearly 3% with most sub-groups moving lower.

Agricultural prices dropped 2.3%, led by food (-2.7%) and raw materials (-2%).

Fertilizer prices changed little, as a small increase in urea was balanced by a decline in phosphate rock.

Metals prices tumbled nearly 5%, following declines in most components: aluminum (-9.4%), iron ore (-4.8%), lead (-4.4%), copper (-2.4%), and tin (-2.2%).

Precious metals prices gained more than 5%, led by a 5.7% increase in gold.


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



John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

Maria Hazel Macadangdang

Research Analyst, Prospects Group, World Bank

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