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Commodity prices were mixed in April—Pink Sheet

May 06, 2021

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Energy prices eased 0.5% in April, following a 1.3% drop in crude oil, the World Bank’s Pink Sheet reported. Non-energy prices gained 2.7%.

Agricultural prices advanced 1.9% in April. Food prices rose 3.3%, led by a 3.4% gain in grain prices. Beverages and oils & meals increased 0.6% and 0.7%, respectively while raw materials declined nearly 2%. Fertilizer prices dropped 2.5%.

Metal prices jumped 4.6% in April, led by iron ore (+6.9%), aluminum (+5.9%), tin (+4.7%), and copper (+3.7%). Precious metals rose 2%, following advances in gold and platinum (+2.4% each).

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

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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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