worldbank.org
Published on Data Blog

Commodity prices continued their broad-based gains in August—Pink Sheet

This page in:

Energy prices rose 5.3% in August, led by a 59% increase in natural gas (Europe), the World Bank’s Pink Sheet reported. Non-energy prices jumped 4%, with all sub-groups moving higher. 

Agricultural prices gained 3.1%, following a 9.2% surge in beverages. Food prices increased 1.8% in August, led by oils and meals (+5.4%); grains and other food items moved marginally lower. Fertilizer prices jumped 8.8%, led by a 16% jump in in Urea. 

Metals prices increased 5.6% in August, following rises in iron ore (11.6%), nickel (8.5%), lead (6.5%), and aluminum (5.7%). Precious metals surged 10%, with all three component moving higher. 

 

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

Authors

John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

More Blogs By John

Maria Hazel Macadangdang

Research Analyst, Prospects Group, World Bank

More Blogs By Maria

Join the Conversation

The content of this field is kept private and will not be shown publicly
Remaining characters: 1000