Energy commodity prices dropped nearly 4% in October, led by crude oil (-4.6%) and Natural gas in the U.S. (-10%), the World Bank Pink Sheet reported. Natural gas in Europe and coal gained (+20% and +4.5%, respectively).
Non-energy prices increased almost 1% in response to strong gains in grains (+3.7%) and oils and meals (+2.2%).
Agricultural prices increased nearly 2%, reflecting gains in three main categories (beverages +1.6%; food 2.5%; and raw materials 0.7%).
Fertilizer prices declined marginally in response to a small decline in DAP.
Metals prices declined more than 1%, led by iron ore (-5%) and nickel (-3.5%).
Precious metals prices dropped 1.4%, led by a 5% decline in platinum.
The Pink Sheet is a monthly report that monitors commodity price movements.