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Energy prices fall in November; non-energy mixed—Pink Sheet

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Energy prices dropped 4.5% in November, while non-energy prices inched higher (+0.7%), the World Bank’s Pink Sheet reported. All main energy components registered declines: coal (–12.2%), natural gas index (–7.4%), and oil (–3.3%). 

Agricultural prices eased 0.4% in November. Food prices changed little as a 2.1% rise in oils & meals was balanced by a 3.9% decline in grains. Beverages dropped 5.2% while raw materials increased 2.1%. Fertilizer prices declined 5.8%. 

Metal prices gained 5% in November, led by nickel (16%) and tin (9.6%), as well as aluminum, copper, and lead (around 5% each). Precious metals increased 4.4%. 


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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