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Commodity prices eased in October—Pink Sheet

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Energy prices eased 1.8% in October, led by coal (-12.5%) and oil (-3.4%), the World Bank's Pink Sheet reported. Non-energy prices were down by 1.6%. 

Agricultural prices declined 1.5% in October. Food prices dropped 1.7%, led by edible oils (-4.9%) and grains (-1.8%). Beverages and raw materials inched down by 0.8% and 1.1%, respectively. Fertilizer prices gained 2.7%. 

Metal prices dropped 2.7% in October, led by nickel (-6.9%), lead (-5.3%), and copper and tin (-4.1% each). Precious metals fell by 0.5%. 

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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