Commodity Markets

Report

Commodity Markets Outlook, October 2025
Global commodity prices are projected to fall to their lowest level in six years in 2026, marking the fourth consecutive year of decline, according to the World Bank Group’s latest Commodity Markets Outlook. Prices are forecast to drop by 7% in both 2025 and 2026, driven by weak global economic growth, a growing oil surplus, and persistent policy uncertainty.
Report
Press release
Commodity Markets Outlook, October 2025
Data

Latest Commodity Prices Published
The energy price index declined 0.5% in September, as a 5.2% drop in Australian coal prices was partly offset by a 2.2% increase in U.S. natural gas prices. The non-energy price index increased nearly 1%, with food up 0.4%, beverages largely unchanged, and raw materials gaining 0.5%. Fertilizer prices fell 4.4%, metal prices rose 2.9%, and precious metals surged 9.3%.
Prices
Blog
Latest Commodity Prices Published
Study

Commodity Markets: Evolution, Challenges, and Policies
Global commodity markets are being reshaped in lasting ways as a result of COVID-19, the war in Ukraine, and the impacts of climate change—a transformation that is likely to have profound implications for developing economies over the coming decades, a new World Bank study has found.
Website
Report
Press release
Commodity Markets: Evolution, Challenges, and Policies

Recent Reports and Data

"Pink Sheet" Data	Commodity Markets Outlook	Special Topics
Commodity prices October 2025 (PDF)	Full report October 2025 (PDF)	New Shocks, Old Tools: Revisiting International Commodity Agreements in a Fragmented World October 2025
Monthly prices October 2025 (XLS)	Executive summary October 2025 (PDF)	Post-Pandemic Commodity Cycles: A New Era? April 2025
Annual prices October 2025 (XLS)	Price forecasts October 2025 (PDF)	Commodity Price Synchronization: A New Era? October 2024
	Charts and data files October 2025 (zip)	Forecasting Industrial Commodity Prices: An Assessment April 2024

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