News

March 29, 2016

According to the World Bank, in February 2016, energy prices increased by 1.8%, and the prices of non-energy commodities rose by 1.7%. Food prices increased by 1.8%. Beverages declined by 1.1%. Raw materials increased slightly by 0.8%, and fertilizers dropped by 5.2%. Metals and minerals increased by 4.5%, and precious metals rose by 8.9%.
 

February 16, 2016

In January 2016, energy prices slumped by 15.3%, and the prices of non-energy commodities dropped by 2.3%. Food prices slipped by 1.1%. Beverages declined by 7.5%. Raw materials dropped slightly by 1.9%, and fertilizers declined by 5.1%. Metals and minerals decreased by 2.0%, and precious metals increased by 2.3%.

January 11, 2016

January WTI (West Texas Intermediate) crude oil futures contracts trading on NYMEX fell by 3.1% to $35.62 per barrel on Friday, December 11, 2015. Global benchmark Brent oil prices fell by 4.5% to $37.93 per barrel on the same day. Prices hit record lows due to the consensus of excessive supplies and mounting short positions. The United States Oil Fund LP (USO) and the ProShares Ultra DJ-UBS Crude Oil ETF (UCO) fell in the direction of crude oil prices in Friday’s trade.

December 7, 2015

Euro-area government bond yields and the euro fell on Thursday after European Central Bank President Mario Draghi reiterated that further monetary stimulus could be coming next month.  The gap between U.S. and German 5-year bond yields climbed to 181 basis points, the highest level since 1999.  The shared currency touched a 6-monht low of $1.0675 in early trading before rebounding a bit to $1.0715.

December 2, 2015

In October 2015, energy prices increased slightly by 0.2%, and the prices of non-energy commodities slipped by 1.1%. Food prices dipped by 1.9%. Beverages decreased by 2.1%. Raw materials dropped slightly by 1.7%, and fertilizers went down by 1.4%. Metals and minerals rose by 1.2%, and precious metals picked up slightly by 0.2%.

September 30, 2015

Special feature assesses how China and India play significant roles in world commodity markets

The World Bank is nudging up its 2015 forecast for crude oil prices from $53 in April to $57 per barrel after oil prices rose 17 percent in the Apr-Jun quarter, according to the Bank’s latest Commodity Markets Outlook, a quarterly update on the state of the international commodity markets.

August 20, 2015

According to The World Bank, large agricultural sectors, remittances, and public investment have cushioned the impact of sharply weaker terms of trade in commodity-exporting low-income countries (LICs). Growth in LICs was flat in 2014, but is expected to pick up in 2015 and remain robust during 2016–17.  Declining commodity prices, however, are likely to increasingly put pressure on fiscal and current account balances of LICs that rely heavily on exports of energy and metals.