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Commodity prices rose moderately in July—Pink Sheet

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Energy prices gained 5.9% in July, led by natural gas, US (+17%) and crude oil (+7.8%), the World Bank’s Pink Sheet reported. Non-energy prices inched up 0.7%. 

Agricultural prices changed little in July. Food prices increased almost 1%, as gains in edible oils and meals (+7.3%) were offset by losses in grains (-2.5 %) and other food items (-2.7%).  Beverage prices declined 1.8% while raw material prices inched up 0.8%. Fertilizer prices rose 5.3%, led by urea (+16.4%). 

Metal prices changed little as a group in July, as a 5.6% increase in tin was offset by a 1.1% decline in aluminum. Precious metals increased nearly 1%. 

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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