Commodity prices stabilized in April—Pink Sheet

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Energy prices declined 6.1% in April, led by crude oil (-8%) and natural gas, Europe (-24%), the World Bank’s Pink Sheet reported. Non-energy prices gained 0.6%. 

Agricultural prices increased 1.3% in April. Food prices gained 1% as increases in grains (+3.7%) were balanced by a decline in oils & meals (-2.9%). Beverages rose 4.9% while raw materials remained flat. Fertilizer prices surged almost 10% , led by phosphate rock (+39.6%).

Metal prices declined 2.3% in April, led by aluminum (-7.3%), nickel (-2.3%), and tin (-2.2%); zinc and lead posted gains (10.1% and 1.5%, respectively). Precious metal prices eased (-1.1%), led by platinum (-7.5%). 

 

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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