September 15, 2023

Energy prices gained 7.8% in August, led by natural gas (+17.3%) and coal (+8.5%), the World Bank’s Pink Sheet reported. Non-energy prices declined by 1.2%.

Agricultural prices dropped 1.5% in August. Food prices declined 2.2%, led by grains (-4.3%) and oils & meals (-2.9%). Beverages gained 1.4% while raw materials eased 0.6%. Fertilizer prices surged 8.2%, led by urea (+15.2%) and TSP (+14.9%).

Metal prices declined 1.9% in August, led by tin (-9.3%) and iron ore (-3.7%). Precious metals dropped 1.9%, led by silver (-3.4%)

The Pink Sheet is a monthly report that monitors commodity price movements.

Source: World Bank – Blogs
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