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Commodity prices were mixed in September, energy down and non-energy up—Pink Sheet

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Energy prices fell 5.1% in September, led by a 6.5% decline in crude oil, the World Bank’s Pink Sheet reported. Non-energy prices jumped 2.4%, with nearly all sub-groups moving higher. 

Agricultural prices gained 2.7%. Food prices increased 3.5% in September, led by oils and meals (+6.9%) and grains (+4.3%). Beverages and raw materials rose 1.8% and 0.9%, respectively. Fertilizer prices gained 1.2%, led by increases in Phosphate rock and TSP. 

Metals prices increased 2% in September, following moderate rises in copper (+3.2%), iron ore and nickel (+2.2% each), and tin and zinc (about +1.5% each). Precious metals dropped 2.8%, with all three components moving lower. 

 

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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