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Commodity prices were mixed in November—Pink Sheet

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Energy prices dropped 6.4% in November, following declines in all components—oil (-2.6%), coal (-30%), and natural gas, Europe (-11%), the World Bank’s Pink Sheet reported. Non-energy prices remained flat as a group. 

Agricultural prices gained 1.3% in November. Food prices rose 1.4%, led by grains (+3.4%). Beverages increased 1.9% while raw materials gained almost 1%. Fertilizer prices surged 19.2%. 

Metal prices declined 6.1% in November, led by iron ore (-21.7%), aluminum (-10.2%), zinc (-1.4%), and copper (-1%); nickel and tin prices gained 3% and 3.8%, respectively Precious metal prices increased 2.6%, led by gold (+2.5%). 

 

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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