Energy prices surged nearly 11% in September following strong gains in all components—oil (+5.7%), coal (+9.5%), and natural gas (+38.7%), the World Bank’s Pink Sheet reported. Non-energy prices averaged 1% lower.
Agricultural prices dropped 0.7% in September. Food prices declined 1.5% following declines in grains (-4.3%) and oils & meals (-0.7%). Beverages surged nearly 4% while raw materials declined 0.8%. Fertilizer prices were down 1%.
Metal prices dropped nearly 2% in September, led by iron ore (-23.2%) and lead (-6.9%); aluminum prices gained 8.9%. Precious metals declined 1.1% with platinum and silver down 3.5% and 3.3%, respectively.
The Pink Sheet is a monthly report that monitors commodity price movements.
Senior Agriculture Economist, Development Economics Prospects Group
Hazel Macadangdang
Join the Conversation