Published on Data Blog

Commodity prices tumbled further in March—Pink Sheet

This page in:

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.

 


Authors

John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

Maria Hazel Macadangdang

Research Analyst, Prospects Group, World Bank

Join the Conversation

The content of this field is kept private and will not be shown publicly
Remaining characters: 1000
Michael Yao Ocloo
Could it be as a result of the COVID-19. As economies will see a reduction in revenues, the expenditures of these economies are likely to rise due to the fight of the pandemic. Economies must now spend more on healthcare and increase social interventions. Policy makers will not have to recalibrate their budgets to accommodate these developments

Could it be as a result of the COVID-19. As economies will see a reduction in revenues, the expenditures of these economies are likely to rise due to the fight of the pandemic. Economies must now spend more on healthcare and increase social interventions. Policy makers will not have to recalibrate their budgets to accommodate these developments

El Mamoun Amrouk
Big question: how long the shock will last?

Big question: how long the shock will last?