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Most commodity prices posted gains in April—Pink Sheet

May 03, 2023

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Energy prices increased 5.7% in April, led by crude oil (+7.8%) and coal (+3.8%), the World Bank’s Pink sheet reported. Non-energy prices inched up 1.1%.

Agricultural prices increased 2.2% in April. Food prices rose 1.9%, following gains in the subgroup “other food items” (+5.8%) and grains (+3.2%). Beverages and raw materials rose 5.5% and 1.0%, respectively. Fertilizer prices eased 1.3%.

Metal prices fell just under 1% in April, as declines in iron ore (-8.6%) and zinc (-6.7%) were offset by increases in tin (+7.5%) and nickel (+2.6%). Precious metals gained nearly 6%, led by silver (+13.8%).

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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