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.
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