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Commodity prices made small advances in October—Pink Sheet

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Energy prices increased 0.5% in October, led by gains in coal and natural gas, the World Bank’s Pink Sheet reported. Non-energy prices gained 1.5%, led by agriculture. 

Agricultural prices jumped 2% in October. Food prices increased 3.3%, led by oils and meals (+6.9%) and grains (+3.4%). Raw materials gained 3.2%, while beverages were down 6.6%. Fertilizer prices changed little (-0.3%). 

Metals prices were mixed in October with aluminum, copper, nickel, and tin moving higher, and iron ore and lead moving lower. Precious metals dropped nearly 2%, with all three component moving lower. 

 

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

Authors

John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

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Maria Hazel Macadangdang

Research Analyst, Prospects Group, World Bank

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