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Commodity prices tumbled further in March—Pink Sheet

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Energy prices continued plunging in March, down 35% from February, led by a 40% decline in crude oil, the World Bank’s Pink Sheet reported.

Non-energy prices dropped nearly 4%, with declines in all sub-indexes but fertilizers.

Agricultural prices declined 3%, with roughly similar drops in all categories: food (-2.7%), beverages (-3.9%), and raw materials (-3.8%).

Fertilizer prices increased 3.2% in response to an 8% gain in urea.

Metals prices tumbled nearly 6%, following declines in most components: zinc (-9.9%), copper (-8.9%), lead (-7.4%), tin (-7.2%), nickel (-6.8%), and aluminum (-4.6%).

Precious metals prices declined 3%, led by a 17% decline in silver.


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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