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Commodity prices stabilized in March—Pink Sheet

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Energy prices gained nearly 1% in March, led by a 5.6% increase in crude oil, the World Bank’s Pink Sheet reported. Non-energy prices increased 0.8%. 

Agricultural prices declined marginally in March. Food prices dropped 1%, following declines in oils and meals (-1.8%) and grains (-1.2%). Raw materials and beverages changed little. Fertilizer prices gained 4.1%. 

Metal prices gained 3.6% in March, led by copper (+6.1%), aluminum (+5.4%), and iron ore & tin (+2.7% each); nickel & lead declined (-11.7% and -6.4%, respectively.) Precious metals were down 5.1%, following declines in gold and silver. 

 

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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