worldbank.org
Published on Data Blog

Commodity prices made further gains in February—Pink Sheet

This page in:

Energy prices surged 14.3% in February, led by a 13.6% increase in crude oil and an almost doubling of U.S. natural gas prices, the World Bank’s Pink Sheet reported. Non-energy prices gained 2.5%. 

Agricultural prices increased 1.1% in February. Food prices advanced 1%, led by a 3.5% gain in grain prices. Raw materials rose 1.6% while beverages increased 1%. Fertilizer surged more than 20%. 

Metal prices gained 3.6% in February, following increases tin (+20.1%), copper (+6.3%), nickel (+4%), aluminum (+3.7%), and lead (+3.2%). Precious metals declined 1.5%, following a 3.2% drop in gold and despite a 10.6% surge in silver. 

 

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