Energy prices continued plunging in March, down 35% from February, led by a 40% decline in crude oil, the World Bank’s Pink Sheet reported.
Non-energy prices dropped nearly 4%, with declines in all sub-indexes but fertilizers.
Agricultural prices declined 3%, with roughly similar drops in all categories: food (-2.7%), beverages (-3.9%), and raw materials (-3.8%).
Fertilizer prices increased 3.2% in response to an 8% gain in urea.
Metals prices tumbled nearly 6%, following declines in most components: zinc (-9.9%), copper (-8.9%), lead (-7.4%), tin (-7.2%), nickel (-6.8%), and aluminum (-4.6%).
Precious metals prices declined 3%, led by a 17% decline in silver.
The Pink Sheet is a monthly report that monitors commodity price movements.