Energy commodity prices rose 2.7 percent in April as the crude oil average rose 2.5 percent, according to the World Bank’s Pink Sheet.
Non-energy prices declined 2.4 percent as agriculture fell 1.4 percent, food and beverages prices dipped by 2.1 percent and 1 percent, respectively, and raw materials rose 0.3 percent. Fertilizer prices declined 6 percent.
Metals and minerals prices slid 4.3 percent, led by an almost 20 percent tumble in iron ore. Precious metals eased 2.7 percent.
The Pink Sheet is a monthly report that monitors commodity price movements.
Commodity price indexes fell in all categories, except energy, raw materials, and precious metals in April.
Metals posted their biggest monthly decline (-4 percent) since November 2015 (-7 percent).
Commodity price movements were distributed roughly evenly among increases and declines.
April Percent Changes in Prices (Nominal US$)
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